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Strategic Equilibria With Partially Consumable Withholdings

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  • EMMA MORENO-GARCÍA

    (Departamento de Economía e Historia Económica, Facultad de Economía y Empresa. Universidad de Salamanca, Edificio F.E.S. Campus Miguel de Unamuno, E-37007 Salamanca, Spain)

Abstract

In this paper, we consider a pure exchange economy with a finite number of agents who behave strategically on endowments. A notion of strategic equilibrium with partial disposability is defined and it is shown the existence of mixed strategies equilibria. Purification results on the strategic equilibrium are obtained by considering a Walrasian endowment game with incomplete information. Finally, we obtain an asymptotic result by replicating the economy.

Suggested Citation

  • Emma Moreno-García, 2006. "Strategic Equilibria With Partially Consumable Withholdings," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 8(04), pages 533-553.
    • Handle: RePEc:wsi:igtrxx:v:08:y:2006:i:04:n:s0219198906001090
    DOI: 10.1142/S0219198906001090
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    References listed on IDEAS

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    1. Allen, B., 1985. "Continuous random selections from the equilibrium correspondence," LIDAM Discussion Papers CORE 1985020, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Codognato, G. & Gabszewicz, J., 1991. "Cournot-Walras equilibria in pure exchange economies," LIDAM Discussion Papers CORE 1991010, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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    More about this item

    Keywords

    Strategic equilibrium; endowment games; partial disposability; partially consumable withholdings; purification of equilibria; continuous random selection; Journal of Economic Literature Classification Numbers: D51; Journal of Economic Literature Classification Numbers: D40; Journal of Economic Literature Classification Numbers: C70; Journal of Economic Literature Classification Numbers: C79;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • C0 - Mathematical and Quantitative Methods - - General
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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