Geodesic
Reaching Cournot-Walras Equilibrium
S. D. Flåm1 ; K. Gramstad2
1Informatics Department, University of Bergen, Norway,
2Economics Department, University of Bergen, Norway
ESAIM. Proceedings, Tome 57 (2017), pp. 12-22
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Considered here is repeated interaction among economic agents. These must share privately held user rights to diverse production factors. The disparate features of the resulting economy motivate a solution concept which blends Cournot/Nash equilibrium with that of Walras. A novelty comes by showing that integrated equilibrium may emerge via adaptive behavior and repeated play.
DOI : 10.1051/proc/201657012

S. D. Flåm  1   ; K. Gramstad  2

1 Informatics Department, University of Bergen, Norway,
2 Economics Department, University of Bergen, Norway 
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     author = {S. D. Fl\r{a}m and K. Gramstad},
     title = {Reaching {Cournot-Walras} {Equilibrium}},
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S. D. Flåm; K. Gramstad. Reaching Cournot-Walras Equilibrium. ESAIM. Proceedings, Tome 57 (2017), pp. 12-22. doi: 10.1051/proc/201657012

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