Hierarchically Structured Economies: Models with Bilateral Exchange Institutions
In six chapters this book introduces a micro-economic model where trade takes place through a stable structure of bilateral exchange institutions.The main problem in such models is that, for well-known equilibrium concepts, equilibrium may fail to exist in the corresponding game. In this work an ada...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York, NY
Springer US
1997
|
| Ausgabe: | 1st ed. 1997 |
| Schriftenreihe: | Theory and Decision Library C, Game Theory, Social Choice, Decision Theory, and Optimization
15 |
| Schlagworte: | |
| Online-Zugang: | BTU01 Volltext |
| Zusammenfassung: | In six chapters this book introduces a micro-economic model where trade takes place through a stable structure of bilateral exchange institutions.The main problem in such models is that, for well-known equilibrium concepts, equilibrium may fail to exist in the corresponding game. In this work an adaptation of such models - hierarchically structured economies - is introduced. The possibilities and limitations of the use of the concept of subgame perfect equilibrium within the context of this kind of models is discussed. Furthermore, it is shown that some well-known market forms, viz. Walrasian and monopolistic markets, occur as special cases. A modification of the concept of subgame perfect equilibrium is introduced to formulate and prove a general theorem on the existence of equilibrium in hierarchically structured economies |
| Beschreibung: | 1 Online-Ressource (VIII, 182 p) |
| ISBN: | 9781475753943 |
| DOI: | 10.1007/978-1-4757-5394-3 |
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| doi_str_mv | 10.1007/978-1-4757-5394-3 |
| edition | 1st ed. 1997 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T15:15:39Z |
| indexdate | 2024-07-10T08:56:12Z |
| institution | BVB |
| isbn | 9781475753943 |
| language | English |
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| publisher | Springer US |
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| series2 | Theory and Decision Library C, Game Theory, Social Choice, Decision Theory, and Optimization |
| spelling | Spanjers, Willy Verfasser aut Hierarchically Structured Economies Models with Bilateral Exchange Institutions by Willy Spanjers 1st ed. 1997 New York, NY Springer US 1997 1 Online-Ressource (VIII, 182 p) txt rdacontent c rdamedia cr rdacarrier Theory and Decision Library C, Game Theory, Social Choice, Decision Theory, and Optimization 15 In six chapters this book introduces a micro-economic model where trade takes place through a stable structure of bilateral exchange institutions.The main problem in such models is that, for well-known equilibrium concepts, equilibrium may fail to exist in the corresponding game. In this work an adaptation of such models - hierarchically structured economies - is introduced. The possibilities and limitations of the use of the concept of subgame perfect equilibrium within the context of this kind of models is discussed. Furthermore, it is shown that some well-known market forms, viz. Walrasian and monopolistic markets, occur as special cases. A modification of the concept of subgame perfect equilibrium is introduced to formulate and prove a general theorem on the existence of equilibrium in hierarchically structured economies Microeconomics Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Preispolitik (DE-588)4047118-4 gnd rswk-swf Marktstruktur (DE-588)4037647-3 gnd rswk-swf Gleichgewichtstheorie (DE-588)4071876-1 gnd rswk-swf Handel (DE-588)4023222-0 gnd rswk-swf Preispolitik (DE-588)4047118-4 s Gleichgewichtstheorie (DE-588)4071876-1 s DE-604 Handel (DE-588)4023222-0 s Marktstruktur (DE-588)4037647-3 s Erscheint auch als Druck-Ausgabe 9781441947710 Erscheint auch als Druck-Ausgabe 9780792343981 Erscheint auch als Druck-Ausgabe 9781475753950 https://doi.org/10.1007/978-1-4757-5394-3 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Spanjers, Willy Hierarchically Structured Economies Models with Bilateral Exchange Institutions Microeconomics Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Preispolitik (DE-588)4047118-4 gnd Marktstruktur (DE-588)4037647-3 gnd Gleichgewichtstheorie (DE-588)4071876-1 gnd Handel (DE-588)4023222-0 gnd |
| subject_GND | (DE-588)4047118-4 (DE-588)4037647-3 (DE-588)4071876-1 (DE-588)4023222-0 |
| title | Hierarchically Structured Economies Models with Bilateral Exchange Institutions |
| title_auth | Hierarchically Structured Economies Models with Bilateral Exchange Institutions |
| title_exact_search | Hierarchically Structured Economies Models with Bilateral Exchange Institutions |
| title_exact_search_txtP | Hierarchically Structured Economies Models with Bilateral Exchange Institutions |
| title_full | Hierarchically Structured Economies Models with Bilateral Exchange Institutions by Willy Spanjers |
| title_fullStr | Hierarchically Structured Economies Models with Bilateral Exchange Institutions by Willy Spanjers |
| title_full_unstemmed | Hierarchically Structured Economies Models with Bilateral Exchange Institutions by Willy Spanjers |
| title_short | Hierarchically Structured Economies |
| title_sort | hierarchically structured economies models with bilateral exchange institutions |
| title_sub | Models with Bilateral Exchange Institutions |
| topic | Microeconomics Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Preispolitik (DE-588)4047118-4 gnd Marktstruktur (DE-588)4037647-3 gnd Gleichgewichtstheorie (DE-588)4071876-1 gnd Handel (DE-588)4023222-0 gnd |
| topic_facet | Microeconomics Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Preispolitik Marktstruktur Gleichgewichtstheorie Handel |
| url | https://doi.org/10.1007/978-1-4757-5394-3 |
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