Convergence to no arbitrage equilibria in market games. (Q1401107): Difference between revisions

This paper considers the non-Walrasian strategic market games introduced by Shapley and Shubik which feature multiple posts for each commodity. It is shown that asymptotically the law of one price holds, as the number of market participants tends to infinity. It is also shown that as the number of markets increases, the set of equilibria is nested upwards.