Walrasian analysis via two-player games

B-Tier
Journal: Games and Economic Behavior
Year: 2009
Volume: 65
Issue: 1
Pages: 220-233

Authors (2)

Hervés-Beloso, Carlos (not in RePEc) Moreno-García, Emma (Universidad de Salamanca)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

We associate to any pure exchange economy a game with only two players, regardless of the number of consumers. In this two-player game, each player represents a different role of the society, formed by all the individuals in the economy. Player 1 selects feasible allocations trying to make Pareto improvements. Player 2 chooses an alternative from the wider range of allocations that are feasible in the sense of Aubin. The set of Nash equilibria of our game is non-empty and our main result provides a characterization of Walrasian equilibria allocations as strong Nash equilibria of the associated society game.

Technical Details

RePEc Handle
repec:eee:gamebe:v:65:y:2009:i:1:p:220-233
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25