CFDP 1439

The Edgeworth, Cournot and Walrasian Cores of an Economy

Author(s): 

Publication Date: October 2003

Pages: 10

Abstract: 

Three variations of the core of a market game representing an exchange economy are considered and compared. The possibility for utilizing the Walrasian core to reflect certain monetary phenomena is noted.

Keywords: 

Market games, Strategic market game, Exchange economy, Core, Characteristic function

JEL Classification Codes:  C71, D5