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Large economies and two-player games

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  • Hervés-Beloso, Carlos
  • Moreno-García, Emma

Abstract

We characterize the core and the competitive allocations of a continuum economy as strong Nash equilibria of an associated game with only two players.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Mathematical Economics.

Volume (Year): 45 (2009)
Issue (Month): 9-10 (September)
Pages: 603-608

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Handle: RePEc:eee:mateco:v:45:y:2009:i:9-10:p:603-608

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Web page: http://www.elsevier.com/locate/jmateco

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Keywords: Competitive equilibrium Nash equilibrium Aubin veto Core-Walras equivalence Strong Nash equilibrium;

References

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  1. Carlos Hervés-Beloso & Emma Moreno-García & Nicholas Yannelis, 2005. "Characterization and incentive compatibility of Walrasian expectations equilibrium in infinite dimensional commodity spaces," Economic Theory, Springer, vol. 26(2), pages 361-381, 08.
  2. Garcia-Cutrin, Javier & Herves-Beloso, Carlos, 1993. "A Discrete Approach to Continuum Economies," Economic Theory, Springer, vol. 3(3), pages 577-83, July.
  3. Bewley, Truman F, 1973. "The Equality of the Core and the Set of Equilibria in Economies with Infinitely Many Commodities and a Continuum of Agents," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 14(2), pages 383-94, June.
  4. Vind, Karl, 1972. "A Third Remark on the Core of an Atomless Economy," Econometrica, Econometric Society, vol. 40(3), pages 585-86, May.
  5. Herves-Beloso, Carlos & Moreno-Garcia, Emma & Nunez-Sanz, Carmelo & Rui Pascoa, Mario, 2000. "Blocking Efficacy of Small Coalitions in Myopic Economies," Journal of Economic Theory, Elsevier, vol. 93(1), pages 72-86, July.
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