Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
957763 | Journal of Economic Theory | 2006 | 34 Pages |
Abstract
In this paper, we establish existence and uniqueness results for equilibria in systems with an infinite number of agents and with local and global social interactions. We also examine the structure of the equilibrium distribution and derive a “Markov”property for the equilibrium distribution of a class of spatially homogeneous systems.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ulrich Horst, José A. Scheinkman,