Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/250318
Year of Publication: 
2020
Series/Report no.: 
Cardiff Economics Working Papers No. E2020/8
Publisher: 
Cardiff University, Cardiff Business School, Cardiff
Abstract: 
We provide a full characterisation of the set of trading equilibria (in which all goods are traded at a positive price) in a strategic market game (as introduced by Shapley and Shubik),for both the "buy and sell" and the "buy or sell" versions of this model under standard assumptions on the utility functions.We also interpret and illustrate our main equilibrium-characterising condition, using simple examples.
Subjects: 
strategic market game
trading equilibrium
buy and sell
buy or sell
JEL: 
C72
D44
Document Type: 
Working Paper

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