Document Type
Discussion Paper
Publication Date
4-1-2002
CFDP Number
1360
CFDP Pages
11
Abstract
We derive the existence of a Walras equilibrium directly from Nash’s theorem on noncooperative games. No price player is involved, nor are generalized games. Instead we use a variant of the Shapley-Shubik trading-post game.
Recommended Citation
Dubey, Pradeep and Geanakoplos, John, "From Nash to Walras via Shapley-Shubik" (2002). Cowles Foundation Discussion Papers. 1624.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1624