Hostname: page-component-78c5997874-xbtfd Total loading time: 0 Render date: 2024-11-19T12:24:22.225Z Has data issue: false hasContentIssue false

Jeux stratégiques de marché dans le modèle à générations imbriquées, le modèle “achat ou vente”

Published online by Cambridge University Press:  17 August 2016

Francis de Morogues*
Affiliation:
Università degli Studi di Brescia†
Get access

Résumé

Cet article étend l’analyse des jeux stratégiques de marché au modèle à générations imbriquées. Nous considérons une économie avec un bien et de la monnaie de crédit où les stratégies des agents sont du type “achat ou vente ”. Nous montrons que l’existence d’un équilibre stationnaire non autarcique dépend du degré de concurrence sur les marchés.

Summary

Summary

We develop a dynamic imperfect competition equilibrium model by embendding the Shapley-Shubik market games into an overlapping generations framework. We consider a model where the strategies are “buy or sell ” in an economy with one good and credit money. We show that the existence of an non autarchic stationnary equilibrium depend on the size of market power.

Type
Research Article
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1999 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

*

Je remercie Philippe Michel, Thierry Paul et les membres du groupe de travail “générations imbriquées” du GREQAM pour leurs commentaires. Ce travail bénéficie du support financier de l’Union Européenne : TMR-Marie Curie (contrat N°ERB4001GT975243).

Dipertimento di Scienze Economiche, Via S. Faustino, 74b – 25122 Brescia – Italia, dmorogue@ehess.cnrsmrs.fr

References

Références

Amir, R., Sahi, S. Shubik, M. et Yao, S., (1990): A strategic market game with complete markets, Journal of Economic Theory 51, 126143.Google Scholar
Cordella, T. et Gabszewicz, J.J., (1998): “Nice” Trivial Equilibria in Strategic Market Games, Games Economic Behavior, Vol. 22, pp. 162169.Google Scholar
de Morogues, F., (1999), Equilibres monétaires du jeu stratégique de marché dans le modèle à générations imbriquées, Annales d’Economie et Statistique, n° 54.Google Scholar
Dubey, P. et Shapley, L.S., (1994): Noncooperative general exchange with a continuum of traders: Two models, Journal of Mathematical Economics, 23, pp. 253293.Google Scholar
Dubey, R et Shubik, M., (1978): The Noncooperative Equilibria of a Closed Trading Economy with Market Supply and Bidding Strategies, Journal of Economic Theory, 17, pp. 120.Google Scholar
Forges, F. et Peck, J., (1995): Correlated Equilibrium and Sunspot Equilibrium, Economic Theory, 5, pp. 3350.Google Scholar
Goenka, A., Kelly, D. et Spear, S.E., (1998): Endogenous Strategic Business Cycles, Journal of Economic Theory, 81, pp. 97125.Google Scholar
Grandmont, J.M., (1985): On endogenous Competitive Business Cycles, Econometrica, 53, pp. 9951045.Google Scholar
Peck, J., Shell, K. et Spear, S.E., (1992): The market game: Existence and strucure of equilibrium, Journal of Mathematical Economics, pp. 271299.Google Scholar
Postlewaite, A. et Schmeidler, D., (1978): Approximate efficiency of non-Walras Nash equilibria, Econometrica, 46, pp. 127135.Google Scholar
Sahi, L.S. et Yao, S., (1989): The noncooperative equilibria of a trading economy with complete markets and consistent prices, Journal of Mathematical Economics, 18, pp. 325346.Google Scholar
Shapley, L.S. et Shubik, M., (1977): Trade Using One Commodity as Means of Payment, Journal of Political Economy, 85(5), pp. 937968.Google Scholar
Sorin, S., (1996): Strategic Market Games with Exchange Rates, Journal of Economic Theory 69, pp. 431446.Google Scholar