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Article . 2017
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Reaching Cournot-Walras Equilibrium

Reaching Cournot-Walras equilibrium
Authors: Flåm S. D.; Gramstad K.;

Reaching Cournot-Walras Equilibrium

Abstract

Summary: Considered here is repeated interaction among economic agents. These must share privately held user rights to diverse production factors. The disparate features of the resulting economy motivate a solution concept which blends Cournot/Nash equilibrium with that of Walras. A novelty comes by showing that integrated equilibrium may emerge via adaptive behavior and repeated play.

Related Organizations
Keywords

T57-57.97, Applied mathematics. Quantitative methods, QA1-939, Multistage and repeated games, General equilibrium theory, Mathematics, Cournot-Walras equilibrium, repeated games

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
3
Average
Average
Average
Published in a Diamond OA journal
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