Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

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Econometrica: Jan, 1982, Volume 50, Issue 1

Price-Quantity Strategic Market Games

https://doi.org/0012-9682(198201)50:1<111:PSMG>2.0.CO;2-E
p. 111-126

Pradeep Dubey

A strategic model of exchange is presented in which the agents set both prices and quantities. It is shown that the strategic (Nash) equilibria are strong and coincide with the competitive (Walras) equilibria.

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