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Title: On the existence and structure of equilibrium in price-setting games
Author: Routledge, Robert Richard
ISNI:       0000 0004 2719 1994
Awarding Body: University of Manchester
Current Institution: University of Manchester
Date of Award: 2011
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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.
Supervisor: Birchenhall, Christopher; Saporiti, Alejandro Sponsor: ESRC
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available
Keywords: equilibrium existence; price-making