Buying and selling in strategic market games
نویسنده
چکیده
Players may be allowed to both buy and sell the same commodity in a strategic market game. Any outcome of such a game can also be obtained as an outcome of a game in which players either buy or sell. We present a robust example to show that an equilibrium allocation of the buy and sell game may not be so in the corresponding buy or sell game as the set of achievable allocations for any player, given others’ strategies, is different in these two games. 2001 Elsevier Science B.V. All rights reserved.
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