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Multiple Equilibrium In Decentralized Commerce And Negotiations Models

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  • Sandu Cătălin Sin

    (Academy of Economic Studies, Bucharest)

Abstract

In a market in witch the growth of the population is determined endogenous we will try to model it. The buyers and the salesmen are arbitrary distributed. Once they enter the market they start a process of bilateral non-cooperative negotiation. We will impose the idea that for the methods of general allocation between the buyers and the salesmen leads in most cases to multiple equilibrium. Up to 4 equilibrium can appear and can always be ordered according to the population dimension. In some conditions all the equilibrium can be Parreto-optimal. This sum of equilibrium depends on the relative mass of the population and of different types of potentials understanding, the cost of entering the market and the degree of difference between agencies are the same.

Suggested Citation

  • Sandu Cătălin Sin, 2007. "Multiple Equilibrium In Decentralized Commerce And Negotiations Models," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 6(6(511)(su), pages 219-230, June.
    • Handle: RePEc:agr:journl:v:6(511)(supplement)(vol2):y:2007:i:6(511)(supplement)(vol2):p:219-230
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