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An Example of Strategic Market Game with Infinitely Many Commodities

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  • Tonin, Simone

    (Department of Economics, University of Warwick,)

Abstract

This short paper shows in an example of strategic market game that the Cournot-Nash 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," The Warwick Economics Research Paper Series (TWERPS) 1005, University of Warwick, Department of Economics.
    • Handle: RePEc:wrk:warwec:1005
    as

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    File URL: https://warwick.ac.uk/fac/soc/economics/research/workingpapers/2013/twerp_1005.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. 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).
    3. Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680.
    4. Gerard Debreu, 1963. "On a Theorem of Scarf," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 30(3), pages 177-180.
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