7.1.1 Introduction
نویسنده
چکیده
We introduce the concept of Market Equilibria related to game theory. In the market, there exists sellers which sell divisible goods and buyers who have a desire to purchase some set of goods. Each buyer places a value on each of the goods in his list that relates to the importance of purchasing that specific good. At market equilibrium, no party (seller or buyer) has incentive to deviate from their current position and all goods are sold. This means that no seller has incentive to increase or decrease the price for a specific good, and no buyer has incentive to change what or how much of each good she is buying.
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