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- Market_game abstract "In economic theory, a market game is a game explaining price formation through game theory. Typically implementing a general equilibrium outcome as a Nash equilibrium.Fundamentally in a market game, markets in a strategic way that does not involve price. The key ingredients to model market games is the definition of such trading posts, and their price formation mechanisms as a function of the action of players. A leading example is the Shapley and Shubik trading post game.Shapley-Shubik use a numeraire and trading post for each goods, the relative price of each good with the numeraire is chosen in inverse proportion to the relative quantity of goods and numeraire brought to each posts so that posts can clear.Dubey and Geanakoplos show that such a game can be a strategic foundation of the Walras equilibrium. A key ingredient of such approaches is to have oceanic players in a way that for each player the action appear to him as a linear constraint that he cannot influence.".
- Market_game wikiPageID "35946908".
- Market_game wikiPageLength "1461".
- Market_game wikiPageOutDegree "6".
- Market_game wikiPageRevisionID "625513400".
- Market_game wikiPageWikiLink Category:Business_models.
- Market_game wikiPageWikiLink Game_theory.
- Market_game wikiPageWikiLink General_equilibrium.
- Market_game wikiPageWikiLink General_equilibrium_theory.
- Market_game wikiPageWikiLink Market_microstructure.
- Market_game wikiPageWikiLink Nash_equilibrium.
- Market_game wikiPageWikiLink Price_formation.
- Market_game wikiPageWikiLink Walras_law.
- Market_game wikiPageWikiLinkText "Market game".
- Market_game wikiPageWikiLinkText "market game".
- Market_game hasPhotoCollection Market_game.
- Market_game wikiPageUsesTemplate Template:Reflist.
- Market_game wikiPageUsesTemplate Template:What.
- Market_game subject Category:Business_models.
- Market_game hypernym Game.
- Market_game type Article.
- Market_game type Model.
- Market_game type Type.
- Market_game type VideoGame.
- Market_game type Article.
- Market_game type Model.
- Market_game type Type.
- Market_game comment "In economic theory, a market game is a game explaining price formation through game theory. Typically implementing a general equilibrium outcome as a Nash equilibrium.Fundamentally in a market game, markets in a strategic way that does not involve price. The key ingredients to model market games is the definition of such trading posts, and their price formation mechanisms as a function of the action of players.".
- Market_game label "Market game".
- Market_game sameAs Market_game.
- Market_game sameAs m.0jwsj4b.
- Market_game sameAs Q3294307.
- Market_game sameAs Q3294307.
- Market_game wasDerivedFrom Market_game?oldid=625513400.
- Market_game isPrimaryTopicOf Market_game.