In this work the problematic issue of price determination in economic theory is re-examined. In the first chapter a state-of-the-art survey regarding the existence of equilibrium and the structure of the equilibrium set in price-setting games is provided. In chapter two a new core concept, the Bertrand core, is introduced and characterized. In chapter three a revealed preference perspective upon the Nash equilibria in price-setting games is provided. In chapter four, the issue of Bayesian equilibrium existence is addressed when traders have incomplete information regarding each others' types. Finally, a summary of possible future avenues for research in this area is provided.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:553363 |
| Date | January 2011 |
| Creators | Routledge, Robert Richard |
| Contributors | Birchenhall, Christopher; Saporiti, Alejandro |
| Publisher | University of Manchester |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Source | https://www.research.manchester.ac.uk/portal/en/theses/on-the-existence-and-structure-of-equilibrium-in-pricesetting-games(952d5301-dc9d-40cd-8e86-3feed89abb94).html |
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