Hierarchically Structured Economies

Willy Spanjers

Springer-Verlag New York Inc., 2010

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In six chapters this book introduces a micro-economic model where trade takes place through a stable structure of bilateral exchange institutions.The main problem in such models is that, for well-known equilibrium concepts, equilibrium may fail to exist in the corresponding game.

ISBN-13
9781441947710
ISBN-10
144194771X
Publisher
Springer-Verlag New York Inc.
Year
2010
Publication date
2010-12-06
Pages
182
Dimensions
279x210x