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Article
A market game approach to differential information economies
Economic Theory (2009)
  • Guadalupe Fugarolas Alvarez-Ude, University of Vigo
  • Carlos Hervés-Beloso, University of Vigo
  • Emma Moreno-García, University of Salamanca
  • Juan Pablo Torres-Martínez, University of Chile
Abstract
In this paper we recast a differential information economy as a strategic game in which players propose net trades and prices. Pure strategy Nash equilibria are strong and determine both consumption plans and commodity prices that coincide with the Walrasian Expectations equilibria of the underlying economy.
Keywords
  • Differential information economies,
  • market games
Disciplines
Publication Date
2009
Citation Information
Fugarolas Alvarez-Ude, G., C. Hervés-Beloso, E. Moreno-García, and J.P. Torres-Martínez (2009): "A market game approach to differential information economies," Economic Theory, volume 38, pages 321-330.