Limit properties of equilibrium allocations of Walrasian strategic games (Q918359): Difference between revisions

We characterize the set of equilibrium allocations of Walrasian strategic games where each agent manipulates his strategic demand map to his benefit. We first show that, for a finite economy, the set of Cournot- Nash equilibrium allocations will be large and the equilibrium allocation map will not in general possess a closed graph property. Then we show that, with appropriate smoothness conditions and the regularity condition on the mean aggregate limit excess demand map, true Walrasian allocations in a sufficiently large economy can be claimed to be sufficiently robust against strategic manipulations of agents' demand maps.