The Econometric SocietyEconometrica: Jan 1982, Volume 50, Issue 1
Price-Quantity Strategic Market Games
https://doi.org/0012-9682(198201)50:1<111:PSMG>2.0.CO;2-E
p.
111-126
Pradeep Dubey
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.Log In To View Full Content