A Theory of Money and Financial Institutions. Part 22. A Price-Quantity Buy-Sell Market with and without Contingent Bids.

摘要

In this paper two specific models of trade are described. These each may be used to define a game of strategy in strategic form. The author examines each game utilizing the noncooperative equilibrium solution concept. His specific concern is with the description of trade and the relationship between the noncooperative equilibria and the competitive equilibria of the economic trading system regarded as a simple Walrasian system.