Reaching Cournot-Walras Equilibrium
Considered here is repeated interaction among economic agents. These must share privately held user rights to diverse production factors. The disparate features of the resulting economy motivate a solution concept which blends Cournot/Nash equilibrium with that of Walras. A novelty comes by showing...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2017-01-01
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| Series: | ESAIM: Proceedings and Surveys |
| Online Access: | https://doi.org/10.1051/proc/201657012 |
| _version_ | 1797971193204047872 |
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| author | Flåm S. D. Gramstad K. |
| author_facet | Flåm S. D. Gramstad K. |
| author_sort | Flåm S. D. |
| collection | DOAJ |
| description | Considered here is repeated interaction among economic agents. These must share privately held user rights to diverse production factors. The disparate features of the resulting economy motivate a solution concept which blends Cournot/Nash equilibrium with that of Walras. A novelty comes by showing that integrated equilibrium may emerge via adaptive behavior and repeated play. |
| first_indexed | 2024-04-11T03:28:46Z |
| format | Article |
| id | doaj.art-27d48cf5f2cb4e0d9556b541d84594f4 |
| institution | Directory Open Access Journal |
| issn | 2267-3059 |
| language | English |
| last_indexed | 2024-04-11T03:28:46Z |
| publishDate | 2017-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | ESAIM: Proceedings and Surveys |
| spelling | doaj.art-27d48cf5f2cb4e0d9556b541d84594f42023-01-02T06:48:08ZengEDP SciencesESAIM: Proceedings and Surveys2267-30592017-01-0157122210.1051/proc/201657012proc_etamm2016_012Reaching Cournot-Walras EquilibriumFlåm S. D.Gramstad K.Considered here is repeated interaction among economic agents. These must share privately held user rights to diverse production factors. The disparate features of the resulting economy motivate a solution concept which blends Cournot/Nash equilibrium with that of Walras. A novelty comes by showing that integrated equilibrium may emerge via adaptive behavior and repeated play.https://doi.org/10.1051/proc/201657012 |
| spellingShingle | Flåm S. D. Gramstad K. Reaching Cournot-Walras Equilibrium ESAIM: Proceedings and Surveys |
| title | Reaching Cournot-Walras Equilibrium |
| title_full | Reaching Cournot-Walras Equilibrium |
| title_fullStr | Reaching Cournot-Walras Equilibrium |
| title_full_unstemmed | Reaching Cournot-Walras Equilibrium |
| title_short | Reaching Cournot-Walras Equilibrium |
| title_sort | reaching cournot walras equilibrium |
| url | https://doi.org/10.1051/proc/201657012 |
| work_keys_str_mv | AT flamsd reachingcournotwalrasequilibrium AT gramstadk reachingcournotwalrasequilibrium |