Buyer's Equilibrium with Capacity Constraints and Restricted Mobility: a Recursive Approach

Gabriele Camera and Jaehong Kim

Working Papers from Chapman University, Economic Science Institute

Abstract: We study a decentralized trading model as in Peters (1984), where heterogeneous market participants face a trade-o between price and trade probability. We present a novel proof of existence of a unique demand vector in Nash equilibrium, based on a recursive approach that exploits the monotonicity of matching functions.

Keywords: Nash equilibrium; recursive methods; existence; heterogeneity; matching (search for similar items in EconPapers)
JEL-codes: C70 D39 D49 E39 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2012
New Economics Papers: this item is included in nep-mic
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.chapman.edu/research-and-institutions/e ... city-constraints.pdf

Related works:
Journal Article: Buyer’s equilibrium with capacity constraints and restricted mobility: A recursive approach (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:chu:wpaper:12-28

Access Statistics for this paper

More papers in Working Papers from Chapman University, Economic Science Institute Contact information at EDIRC.
Bibliographic data for series maintained by Megan Luetje ().