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An asymptotic analysis of strategic behavior for exchange economies

Author

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  • Leonidas C. Koutsougeras

    (University of Manchester)

  • Claudia Meo

    (Università degli Studi di Napoli “Federico II”)

Abstract

We consider strategic market games associated to exchange economies both in a framework with no uncertainty and with asymmetric information. We address the asymptotic convergence of active Nash equilibria of strategic market games to Walrasian ones for general sequences of economies whose distribution of characteristics has compact support.

Suggested Citation

  • Leonidas C. Koutsougeras & Claudia Meo, 2018. "An asymptotic analysis of strategic behavior for exchange economies," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 66(2), pages 301-325, August.
    • Handle: RePEc:spr:joecth:v:66:y:2018:i:2:d:10.1007_s00199-017-1068-6
    DOI: 10.1007/s00199-017-1068-6
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    3. Toraubally, Waseem A., 2023. "Comparative advantage with many goods: New treatment and results," European Journal of Operational Research, Elsevier, vol. 311(3), pages 1188-1201.

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    More about this item

    Keywords

    Strategic market games; Price taking; Convergence; Asymmetric information;
    All these keywords.

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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