LIBROS DEL AUTOR: willy spanjers

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  • Hierarchically Structured Economies
    Willy Spanjers
    In 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 structur...
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