IDEAS home Printed from https://ideas.repec.org/p/kud/kuiedp/0212.html
   My bibliography  Save this paper

Convergence to No Arbitrage Equilibria in Market Games

Author

Listed:
  • Leonidas C. Koutsougeras

    (University of Manchester)

Abstract

For market games which feature multiple posts for each commodity we show the following: (i) the 'law of one price' obtains asymptotically as the number of market participants becomes infinite, irrespectively of the characteristics of market participants; (ii) as the number of markets increases the set of equilibria is nested upwards.

Suggested Citation

  • Leonidas C. Koutsougeras, 2002. "Convergence to No Arbitrage Equilibria in Market Games," Discussion Papers 02-12, University of Copenhagen. Department of Economics.
    • Handle: RePEc:kud:kuiedp:0212
    as

    Download full text from publisher

    File URL: http://www.econ.ku.dk/english/research/publications/wp/2002/0212.pdf/
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    multiple posts; arbitrage; law of one price;
    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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kud:kuiedp:0212. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Hoffmann (email available below). General contact details of provider: https://edirc.repec.org/data/okokudk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.