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Adjustment Processes for Exchange Economics and Noncooperative Games
Antoon Van Den Elzen
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Description for Adjustment Processes for Exchange Economics and Noncooperative Games
Paperback. The first section of this treatise deals with tatonnement processes in different general equilibrium models. The author then explores game theory, in particular the computation of Nash equilibria in nonco-operative games. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 153 pages, biography. BIC Classification: KC; PBT. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 234 x 156 x 8. Weight in Grams: 261.
This monograph is a treatise on adjustment processes. We consider price adjustment processes in exchange economies and strategy adjustment processes in noncooperative games. In the most simple version of an exchange economy, i.e. a pure exchange economy, there exist markets on which prices are determined by the demand and supply created by a finite number of consumers willing to exchange their initial endowments in order to maximize their utilities. An equilibrium situation is attained if, for some price vector, demand equals supply in all markets. Starting from a situation not being an equi librium an adjustment process reaches an equilibrium ... Read more
This monograph is a treatise on adjustment processes. We consider price adjustment processes in exchange economies and strategy adjustment processes in noncooperative games. In the most simple version of an exchange economy, i.e. a pure exchange economy, there exist markets on which prices are determined by the demand and supply created by a finite number of consumers willing to exchange their initial endowments in order to maximize their utilities. An equilibrium situation is attained if, for some price vector, demand equals supply in all markets. Starting from a situation not being an equi librium an adjustment process reaches an equilibrium ... Read more
Product Details
Format
Paperback
Publication date
1993
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
153
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
146
Place of Publication
Berlin, Germany
ISBN
9783540573104
SKU
V9783540573104
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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