AN ANALYSIS OF MARKETS WITH A LARGE NUMBER OF PARTICIPANTS

Abstract

The analysis of markets is carried out using the techniques and the point of view of n-person game theory. Markets are examined as n-person games with the specific assumption of transferable utility and making use of several of the available concepts of solution of an n-person game. One of these concepts, the core, (due to Gillies) corresponds very closely to what Edgeworth and subsequent economists mean by the contract surface.

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Document Details

Document Type
Technical Report
Publication Date
Oct 20, 1961
Accession Number
AD0268407

Entities

People

  • Herbert Scarf

Organizations

  • Stanford University

Tags

Communities of Interest

  • Air Platforms
  • Weapons Technologies

DTIC Thesaurus Topics

  • Applied Mathematics
  • California
  • Commerce
  • Commodities
  • Consumers
  • Contracts
  • Convex Sets
  • Equations
  • Game Theory
  • Government Procurement
  • Governments
  • Inequalities
  • Military Research
  • New York
  • Theorems
  • United States
  • Universities

Fields of Study

  • Economics

Readers

  • Game Theory.
  • Theoretical Analysis.