Production Games and Price Dynamics
Sjur Didrik Flåm
Chapter Chapter 4 in Dynamic Games: Theory and Applications, 2005, pp 79-92 from Springer
Abstract:
Abstract This note considers production (or market) games with transferable utility. It brings out that, in many cases, explicit core solutions may be defined by shadow prices — and reached via quite natural dynamics.
Keywords: Price Dynamics; Dynamic Game; Real Vector Space; Grand Coalition; Cost Allocation (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-0-387-24602-4_4
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DOI: 10.1007/0-387-24602-9_4
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