Convergence to no arbitrage equilibria in market games. (Q1401107): Difference between revisions
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Revision as of 04:13, 5 March 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Convergence to no arbitrage equilibria in market games. |
scientific article |
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Convergence to no arbitrage equilibria in market games. (English)
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17 August 2003
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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.
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multiple posts
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arbitrage
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law of one price
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