Hierarchically Structured Economies Models with Bilateral Exchange Institutions
In six chapters this book introduces a micro-economic model where trade takes place through a stable structure of bilateral exchange institutions.The main problem in such models is that, for well-known equilibrium concepts, equilibrium may fail to exist in the corresponding game. In this work an ada...
Main Author: | |
---|---|
Format: | eBook |
Language: | English |
Published: |
New York, NY
Springer US
1997, 1997
|
Edition: | 1st ed. 1997 |
Series: | Theory and Decision Library C, Game Theory, Social Choice, Decision Theory, and Optimization
|
Subjects: | |
Online Access: | |
Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- 1 Introduction
- 2 Hierarchically Structured Exchange Economies
- 3 Mono Pricing in Hierarchical Trees
- 4 Bid and Ask Prices in Hierarchical Trees
- 5 Arbitrage
- 6 Hierarchies
- A Mathematical Appendix
- A.1 Terminology on Graphs
- A.2 Optimization
- B Equilibrium Concepts
- B.1 Subgame Perfect Equilibrium
- B.2 Equilibrium in Very Nice Plays
- B.3 Approximate Equilibrium in Very Nice Plays
- References
- Index of Authors
- Index of Subjects