Values of perfectly competitive economies
Sergiu Hart ()
Chapter 57 in Handbook of Game Theory with Economic Applications, 2002, vol. 3, pp 2169-2184 from Elsevier
Perfectly competitive economies are economic models with many agents, each of whom is relatively insignificant. This chapter studies the relations between the basic economic concept of competitive (or Walrasian) equilibrium, and the game-theoretic solution concept of value. It includes the classical Value Equivalence Theorem together with its many extensions and generalizations, as well as recent results.
JEL-codes: C (search for similar items in EconPapers)
References: Add references at CitEc
Citations View citations in EconPapers (10) Track citations by RSS feed
Downloads: (external link)
http://www.sciencedirect.com/science/article/B7P5P ... b25feead550613fb40e3
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:eee:gamchp:3-57
Access Statistics for this chapter
More chapters in Handbook of Game Theory with Economic Applications from Elsevier
Series data maintained by Dana Niculescu ().