Market game
id:
market-game-260-8679423
title:
Market game
text:
In economic theory, a strategic market game, also known as 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 strategic market game, markets work in a strategic way that does not (directly) involve price but can indirectly influence it. The key ingredients to modelling strategic market games are the definition of trading posts, and their price formation mechanisms as a function of
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Market_game
date created:
date modified:
2022-11-27T05:32:34Z
main entity:
{"identifier":"Q3294307","url":"https://www.wikidata.org/entity/Q3294307"}
image:
fields total:
13
integrity:
13