A strategic model of exchange is presented in which the agents set both prices and quantities. It is shown that the strategic (Nash) equilibria are strong and coincide with the competitive (Walras) equilibria.
Note: to view the fulltext of the article, please login first
and then click the "full content" button. If you are based
at a subscribing Institution or Library or if you have a separate
access to JSTOR/Wiley Online Library please click on the "Institutional access" button.
