Econometrica Vol. 52 No. 4 1984
Continuum and Finite-Player Noncooperative Models of Competition
Abstract
The anonymous interaction of large numbers of economic agents is a kind of noncooperative situation which is markedly different from small-numbers strategic conflict. The nonatomic game has been introduced as a model for these many-agent situations. This paper contains a precise definition of what it means for a nonatomic game to be the limit of a sequence of finite-player games, and a theorem which states when the limit of equilibria of finite-player games will be an equilibrium of the nonatomic limit game. This is analogous to theorems prompted by Edgeworth's conjecture in core theory.
- DOI
- 10.2307/1911194
- Volume
- 52
- Issue
- 4
- Pages
- 975
- Sources
- bibtex:phds-export.bib crossref openalex