Journal article
Equilibria in noncooperative models of competition
Journal of economic theory, Vol.41(1), pp.96-111
02/01/1987
DOI: 10.1016/0022-0531(87)90007-X
Abstract
An equilibrium in a game theoretic setting a la Debreu (Proc. Nat. Acad. Sci. U.S.A.38 (1954), 886–893) and Shafer-Sonnenschein (J. Math. Econ.2 (1975), 345–348) with a broader structure is proved. In particular, our framework is general enough to encompass both the Aumann (Econometrica34 (1966), 1–17) economy of perfect competition and the nonordered preferences setting of Mas-Colell (J. Math. Econ.1 (1974), 237–246). Moreover, since the dimensionality of the strategy space may be infinite it contains Bewley-type (J. Econ. Theory4 (1972), 514–540) results and may be useful in obtaining existence results for economies with a measure space of agents and infinitely many commodities.
Details
- Title: Subtitle
- Equilibria in noncooperative models of competition
- Creators
- Nicholas C Yannelis - Tulane University
- Resource Type
- Journal article
- Publication Details
- Journal of economic theory, Vol.41(1), pp.96-111
- Publisher
- Elsevier Inc
- DOI
- 10.1016/0022-0531(87)90007-X
- ISSN
- 0022-0531
- eISSN
- 1095-7235
- Language
- English
- Date published
- 02/01/1987
- Academic Unit
- Economics
- Record Identifier
- 9984380518802771
Metrics
12 Record Views