Hierarchically Structured Economies 87 Research Developments

Research Developments

Dieses Buch ist ein Nachdruck der Originalausgabe von 1904

wenn die zu Integrierenden nicht angehört werden

The first problem I encountered was the sheer vastness of the library of information about Mars which now exists

Hierarchically Structured Economies 87 Research DevelopmentsIn six chapters this book introduces a micro economic model where trade takes place through a stable structure of bilateral exchange institutions. The main problem in such models is that, for well known equilibrium concepts, equilibrium may fail to exist in the corresponding game. In this work an adaptation of such models hierarchically structured economies is introduced. The possibilities and limitations of the use of the concept of subgame perfect