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: | Flåm S. D., Gramstad K. |
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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 |
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