Equilibrium in the Jungle

被引:58
作者
Piccione, Michele [1 ]
Rubinstein, Ariel
机构
[1] Tel Aviv Univ, London Sch Econ, IL-69978 Tel Aviv, Israel
[2] NYU, New York, NY USA
关键词
D O I
10.1111/j.1468-0297.2007.02072.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
In the jungle, power and coercion govern the exchange of resources. We study a simple, stylised model of the jungle that mirrors an exchange economy. We define the notion of jungle equilibrium and demonstrate that a number of standard results of competitive markets hold in the jungle.
引用
收藏
页码:883 / 896
页数:14
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