Nato Science Series D:

Game-Theoretic Methods in General Equilibrium Analysis

Editors: Mertens, J.F., Sorin, S. (Eds.)

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About this book

JEAN-FRANQOIS MERTENS This book presents a systematic exposition of the use of game theoretic methods in general equilibrium analysis. Clearly the first such use was by Arrow and Debreu, with the "birth" of general equi­ librium theory itself, in using Nash's existence theorem (or a generalization) to prove the existence of a competitive equilibrium. But this use appeared possibly to be merely tech­ nical, borrowing some tools for proving a theorem. This book stresses the later contributions, were game theoretic concepts were used as such, to explain various aspects of the general equilibrium model. But clearly, each of those later approaches also provides per sea game theoretic proof of the existence of competitive equilibrium. Part A deals with the first such approach: the equality between the set of competitive equilibria of a perfectly competitive (i.e., every trader has negligible market power) economy and the core of the corresponding cooperative game.

Table of contents (19 chapters)

  • Introduction

    Mertens, Jean-François

    Pages 11-13

  • General Equilibrium and Cooperative Games: Basic Results

    Allen, Beth (et al.)

    Pages 17-33

  • Core Convergence in Perfectly Competitive Economies

    Anderson, Robert M.

    Pages 35-45

  • Economies with Atoms

    Mertens, Jean-François

    Pages 47-50

  • Bargaining Sets

    Vohra, R.

    Pages 51-58

Buy this book

eBook $229.00
price for USA in USD (gross)
  • ISBN 978-94-017-1656-7
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $289.00
price for USA in USD
  • ISBN 978-0-7923-3011-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $289.00
price for USA in USD
  • ISBN 978-90-481-4442-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Game-Theoretic Methods in General Equilibrium Analysis
Editors
  • J.F. Mertens
  • S. Sorin
Series Title
Nato Science Series D:
Series Volume
77
Copyright
1994
Publisher
Springer Netherlands
Copyright Holder
Springer Science+Business Media Dordrecht
eBook ISBN
978-94-017-1656-7
DOI
10.1007/978-94-017-1656-7
Hardcover ISBN
978-0-7923-3011-0
Softcover ISBN
978-90-481-4442-6
Series ISSN
0258-123X
Edition Number
1
Number of Pages
IV, 268
Topics