Title

From Nash to Walras via Shapley-Shubik

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.

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