Values of perfectly competitive economies
In: Handbook of Game Theory with Economic Applications
AbstractPerfectly competitive economies are economic models with many agents, each of whom is relatively insignificant. This chapter studies the relations between the basic economic concept of competitive (or Walrasian) equilibrium, and the game-theoretic solution concept of value. It includes the classical Value Equivalence Theorem together with its many extensions and generalizations, as well as recent results.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
This chapter was published in:
This item is provided by Elsevier in its series Handbook of Game Theory with Economic Applications with number 3-57.
Contact details of provider:
Web page: http://www.elsevier.com/wps/find/bookseriesdescription.cws_home/BS_HE/description
Find related papers by JEL classification:
- C - Mathematical and Quantitative Methods
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Leung, Siu Fai, 2009. "Cake eating, exhaustible resource extraction, life-cycle saving, and non-atomic games: Existence theorems for a class of optimal allocation problems," Journal of Economic Dynamics and Control, Elsevier, vol. 33(6), pages 1345-1360, June.
- Yan-An Hwang & Yu-Hsien Liao, 2010. "The unit-level-core for multi-choice games: the replicated core for TU games," Journal of Global Optimization, Springer, vol. 47(2), pages 161-171, June.
- Emilio Calvo, 2008.
"Random marginal and random removal values,"
International Journal of Game Theory,
Springer, vol. 37(4), pages 533-563, December.
- Sergiu Hart & Andreu Mas-Colell, 2008. "Bargaining and Cooperation in Strategic Form Form Games," Levine's Working Paper Archive 122247000000002205, David K. Levine.
- Khan, M. Ali Khan, 2007. "Perfect Competition," MPRA Paper 2202, University Library of Munich, Germany.
- Sergio Monsalve, 2002. "Teoría de juegos: ¿hacia dónde vamos? (60 años después de von Neumann y Morgenstern)," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 4(7), pages 114-130, July-Dece.
- Stefano Moretti & Fioravante Patrone, 2008. "Transversality of the Shapley value," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer, vol. 16(1), pages 1-41, July.
- M Ali Khan, 2007.
Microeconomics Working Papers
22207, East Asian Bureau of Economic Research.
- Einy, Ezra & Moreno, Diego & Shitovitz, Benyamin, 2000. "Rational expectations equilibria and the ex-post core of an economy with asymmetric information," Journal of Mathematical Economics, Elsevier, vol. 34(4), pages 527-535, December.
- Dubey, Pradeep & Neyman, Abraham, 1997. "An Equivalence Principle for Perfectly Competitive Economies," Journal of Economic Theory, Elsevier, vol. 75(2), pages 314-344, August.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.