Buyer’s equilibrium with capacity constraints and restricted mobility: A recursive approach

C-Tier
Journal: Economics Letters
Year: 2013
Volume: 118
Issue: 2
Pages: 321-323

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study a decentralized trading model as in Peters (1984a), where heterogeneous market participants face a trade-off between price and trade probability. We present a novel proof of existence of a unique demand vector in Nash equilibrium, based on a recursive approach that exploits the monotonicity of matching functions.

Technical Details

RePEc Handle
repec:eee:ecolet:v:118:y:2013:i:2:p:321-323
Journal Field
General
Author Count
2
Added to Database
2026-01-25