Unequal Distribution of Powers in a Wicksellian Transfer Game

Yoshiaki Hoshino, Ryuichiro Ishikawa and Akira Yamazaki
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Akira Yamazaki: Meisei University

No 24, Discussion Papers from Meisei University, School of Economics

Abstract: A Wicksellian transfer game is a game composed of three types of players having heterogeneous tastes and heterogeneously endowed commodities among them. In the tradition of economic theory, such a game situation has been considered to represent typical market conditions when traders face transactions among them. In this paper we are interested in finding out the nature of these transfers of commodities resulting from a Wicksellian game.

Pages: 31 pages
Date: 2013-03
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