The Edgeworth, Cournot and Walrasian Cores
11 Pages Posted: 4 Nov 2003
Date Written: October 2003
Abstract
Three variations of the core of a market game representing an exchange economy are considered and compared. The possibility for utilizing the Walrasian core to reflect certain monetary phenomena is noted.
Keywords: Market game, strategic market game, exchange economy, core, characteristic function
JEL Classification: C71, D5
Suggested Citation: Suggested Citation
Shubik, Martin, The Edgeworth, Cournot and Walrasian Cores (October 2003). Available at SSRN: https://ssrn.com/abstract=464220
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