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An Example of Strategic Market Game with Infinitely Many Commodities

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  • Tonin, Simone

Abstract

This short paper shows in an example of strategic market game that the CournotNash equilibrium converges to the Walras equilibrium, even in the case of an exchange economy with infinitely many commodities.

Suggested Citation

  • Tonin, Simone, 2013. "An Example of Strategic Market Game with Infinitely Many Commodities," Economic Research Papers 270544, University of Warwick - Department of Economics.
    • Handle: RePEc:ags:uwarer:270544
    DOI: 10.22004/ag.econ.270544
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    References listed on IDEAS

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    1. Peleg, Bezalel & Yaari, Menahem E, 1970. "Markets with Countably Many Commodities," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 11(3), pages 369-377, October.
    2. Gerard Debreu, 1963. "On a Theorem of Scarf," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 30(3), pages 177-180.
    3. Bewley, Truman F., 1972. "Existence of equilibria in economies with infinitely many commodities," Journal of Economic Theory, Elsevier, vol. 4(3), pages 514-540, June.
    4. BEWLEY, Truman F., 1972. "Existence of equilibria in economies with infinitely many commodities," LIDAM Reprints CORE 122, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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