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Perfect competition as the limit of a hierarchical market game

Authors
Journal
Economics Letters
0165-1765
Publisher
Elsevier
Publication Date
Volume
22
Identifiers
DOI: 10.1016/0165-1765(86)90215-6

Abstract

Abstract It is shown that competitive equilibrium can be seen as the limit of some hierarchical game in which the rights (or information) of the players can be strictly ordered.

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