HOUSEHOLD ECONOMIES WITH INFINITELY MANY AGENTS: A GAME-THEORETIC ANALYSIS

Andrzej Wieczorek ()
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Andrzej Wieczorek: Institute of Computer Science, Polish Academy of Sciences, ul. Ordona 21, 01-237 Warszawa, Poland

International Game Theory Review (IGTR), 2002, vol. 04, issue 03, 319-329

Abstract: The paper presents a model of household economy with infinitely many anonymous agents producing, trading and consuming some goods. The model can be regarded as describing the behavior of an economy in one or two stages. Various solution concepts, such as competitive equilibrium, efficient production profiles, core and quasi-core are defined and studied. Numerical experience is briefly reported.

Keywords: Household economy; infinitely many agents; large game; competitive equilibrium; core; quasi-core; efficient profile (search for similar items in EconPapers)
JEL-codes: B4 C0 C6 C7 D5 D7 M2 (search for similar items in EconPapers)
Date: 2002
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DOI: 10.1142/S0219198902000720

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