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Strategic equilibrium in economies with a continuum of agents

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  • Hervés Beloso, Carlos
  • Moreno García, Emma

Abstract

In this note, a pure exchange economy with a continuum of agents who behave strategically in endowments and preferences is considered. A notion of equilibrium, namely, strategic equilibrium is defined. It is shown that price-taking and strategic behavior leads to identical results.

Suggested Citation

  • Hervés Beloso, Carlos & Moreno García, Emma, 1994. "Strategic equilibrium in economies with a continuum of agents," UC3M Working papers. Economics 2923, Universidad Carlos III de Madrid. Departamento de Economía.
    • Handle: RePEc:cte:werepe:2923
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    References listed on IDEAS

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    3. Peter J. Hammond, 1979. "Straightforward Individual Incentive Compatibility in Large Economies," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 46(2), pages 263-282.
    4. Codognato, G. & Gabszewicz, J., 1991. "Cournot-Walras equilibria in pure exchange economies," LIDAM Discussion Papers CORE 1991010, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    5. Roberts, Kevin, 1980. "The limit points of monopolistic competition," Journal of Economic Theory, Elsevier, vol. 22(2), pages 256-278, April.
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    Keywords

    Strategic equilibrium;

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