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Strategic Multilateral Exchange

Strategic Multilateral Exchange

General Equilibrium with Imperfect Competition

by Jean J. Gabszewicz
Hardback
Publication Date: 29/10/2002

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Jean Gabszewicz's new book is devoted to the study of strategic multilateral exchange. Contrary to the classical competitive paradigm in which agents are assumed to behave as price takers, here traders are allowed to consciously behave as strategic agents who aim to influence trade to their own advantage. This is usually done in oligopoly theory using a partial equilibrium approach while in this case a system of interrelated markets is considered. Primarily, the book discusses the game-theoretic concept of core and the relationship between core and the set of price allocations in economies embodying significant traders is explored. The author goes on to adopt a non-cooperative approach building on the concept of Nash equilibrium.
ISBN:
9781858980287
9781858980287
Category:
Economic theory & philosophy
Format:
Hardback
Publication Date:
29-10-2002
Publisher:
Edward Elgar Publishing Ltd
Country of origin:
United Kingdom
Pages:
232
Dimensions (mm):
234x156mm
Weight:
0.51kg

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