Buying and Selling in Strategic Market Games

Indrajit Ray ()

Discussion Papers from Department of Economics, University of York

Abstract: Players may be allowed to both buy and sell the same commodity in a strategic market game. Any outcome of such a game can also be obtained as an outcome of a game in which players either buy or sell. However, an equilibrium allocation of the buy and sell game may not be so in the corresponding buy or sell game as the set of achievable allocations for any player, given others' strategies, is different in these two games.

Keywords: Strategic market game; Buy and sell; Buy or Sell. (search for similar items in EconPapers)
JEL-codes: C72 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth and nep-ind
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Journal Article: Buying and selling in strategic market games (2001)
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