Market game

In economic theory, a market game is a game explaining price formation through game theory. Typically implementing a general equilibrium outcome as a Nash equilibrium.

Fundamentally in a market game, markets in a strategic way that does not involve price. The key ingredients to model market games is the definition of such trading posts, and their price formation mechanisms as a function of the action of players. A leading example is the Lloyd Shapley and Martin Shubik trading post game.

单词	Market game
释义	Market game 英语百科 Market game In economic theory, a market game is a game explaining price formation through game theory. Typically implementing a general equilibrium outcome as a Nash equilibrium. Fundamentally in a market game, markets in a strategic way that does not involve price. The key ingredients to model market games is the definition of such trading posts, and their price formation mechanisms as a function of the action of players. A leading example is the Lloyd Shapley and Martin Shubik trading post game.
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