书目名称 | Hierarchically Structured Economies | 副标题 | Models with Bilatera | 编辑 | Willy Spanjers | 视频video | | 丛书名称 | Theory and Decision Library C | 图书封面 |  | 描述 | In six chapters this book introduces a micro-economic modelwhere trade takes place through a stable structure of bilateralexchange institutions.The main problem in such models is that, forwell-known equilibrium concepts, equilibrium may fail to exist in thecorresponding game. In this work an adaptation of such models -hierarchically structured economies - is introduced. Thepossibilities and limitations of the use of the concept of subgameperfect equilibrium within the context of this kind of models isdiscussed. Furthermore, it is shown that some well-known market forms,viz. Walrasian and monopolistic markets, occur as special cases. Amodification of the concept of subgame perfect equilibrium isintroduced to formulate and prove a general theorem on the existenceof equilibrium in hierarchically structured economies. | 出版日期 | Book 1997 | 关键词 | Asia; Monopol; arbitrage; equilibrium; institutions; optimization; pricing; trade | 版次 | 1 | doi | https://doi.org/10.1007/978-1-4757-5394-3 | isbn_softcover | 978-1-4419-4771-0 | isbn_ebook | 978-1-4757-5394-3Series ISSN 0924-6126 Series E-ISSN 2194-3044 | issn_series | 0924-6126 | copyright | Springer Science+Business Media Dordrecht 1997 |
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