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Strategic Multilateral Exchange - General Equilibrium with Imperfect Competition (Hardcover) Loot Price: R2,544
Discovery Miles 25 440
Strategic Multilateral Exchange - General Equilibrium with Imperfect Competition (Hardcover): Jean J. Gabszewicz

Strategic Multilateral Exchange - General Equilibrium with Imperfect Competition (Hardcover)

Jean J. Gabszewicz

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Loot Price R2,544 Discovery Miles 25 440 | Repayment Terms: R233 pm x 12*

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Jean Gabszewicz's new book is devoted to the study of strategic multilateral exchange. Contrary to the classical competitive paradigm in which agents are assumed to behave as price takers, here traders are allowed to consciously behave as strategic agents who aim to influence trade to their own advantage. This is usually done in oligopoly theory using a partial equilibrium approach while in this case a system of interrelated markets is considered. Primarily, the book discusses the game-theoretic concept of core and the relationship between core and the set of price allocations in economies embodying significant traders is explored. The author goes on to adopt a non-cooperative approach building on the concept of Nash equilibrium. Strategic Multilateral Exchange will be welcomed by academics, advanced research scholars and doctoral students with an interest in economic theory, microeconomic theory and general equilibrium. It will also appeal to mathematical economists with an orientation in mathematical economics and game theory.

General

Imprint: Edward Elgar Publishing Ltd
Country of origin: United Kingdom
Release date: October 2002
Authors: Jean J. Gabszewicz
Dimensions: 234 x 156mm (L x W)
Format: Hardcover
Pages: 232
ISBN-13: 978-1-85898-028-7
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
Books > Business & Economics > Economics > Macroeconomics > General
LSN: 1-85898-028-3
Barcode: 9781858980287

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