Fugarolas, Guadalupe (2006): Nash equilibria applied to Spotfinancial equilibria in General equilibrium incomplete market models.

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Abstract
We consider a two period pure exchange economy with a finite number of states of nature at the second date. The economy consists of a real asset structure and a finite set of durable goods in the initial period that depreciate; we suppose that there is only one single good available in each state of nature at the second date. In this paper, we demonstrate that the spotfinancial equilibrium can be obtained as a Nash equilibrium of a market game in which the strategies of the players consist in suggesting prices and quantities for both goods and assets.
Item Type:  MPRA Paper 

Original Title:  Nash equilibria applied to Spotfinancial equilibria in General equilibrium incomplete market models 
Language:  English 
Keywords:  Incomplete markets; market games; Nash equilibrium; strategic outcome functions 
Subjects:  D  Microeconomics > D5  General Equilibrium and Disequilibrium > D52  Incomplete Markets C  Mathematical and Quantitative Methods > C7  Game Theory and Bargaining Theory > C72  Noncooperative Games 
Item ID:  470 
Depositing User:  Guadalupe Fugarolas 
Date Deposited:  16 Oct 2006 
Last Modified:  28 Sep 2019 08:45 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/470 