Equilibrium in the jungle

Michele Piccione; Ariel Rubinstein

doi:10.1111/j.1468-0297.2007.02072.x

Equilibrium in the jungle

Michele Piccione, Ariel Rubinstein

Research output: Contribution to journal › Article › peer-review

Abstract

In the jungle, power and coercion govern the exchange of resources. We study a simple, stylised model of the jungle that mirrors an exchange economy. We define the notion of jungle equilibrium and demonstrate that a number of standard results of competitive markets hold in the jungle.

Original language	English (US)
Pages (from-to)	883-896
Number of pages	14
Journal	Economic Journal
Volume	117
Issue number	522
DOIs	https://doi.org/10.1111/j.1468-0297.2007.02072.x
State	Published - Jul 2007

ASJC Scopus subject areas

Economics and Econometrics

Access to Document

10.1111/j.1468-0297.2007.02072.x

Cite this

@article{71584720f2ad4e33a3834663ae6d2a61,

title = "Equilibrium in the jungle",

abstract = "In the jungle, power and coercion govern the exchange of resources. We study a simple, stylised model of the jungle that mirrors an exchange economy. We define the notion of jungle equilibrium and demonstrate that a number of standard results of competitive markets hold in the jungle.",

author = "Michele Piccione and Ariel Rubinstein",

year = "2007",

month = jul,

doi = "10.1111/j.1468-0297.2007.02072.x",

language = "English (US)",

volume = "117",

pages = "883--896",

journal = "Economic Journal",

issn = "0013-0133",

publisher = "Wiley-Blackwell",

number = "522",

}

TY - JOUR

T1 - Equilibrium in the jungle

AU - Piccione, Michele

AU - Rubinstein, Ariel

PY - 2007/7

Y1 - 2007/7

N2 - In the jungle, power and coercion govern the exchange of resources. We study a simple, stylised model of the jungle that mirrors an exchange economy. We define the notion of jungle equilibrium and demonstrate that a number of standard results of competitive markets hold in the jungle.

AB - In the jungle, power and coercion govern the exchange of resources. We study a simple, stylised model of the jungle that mirrors an exchange economy. We define the notion of jungle equilibrium and demonstrate that a number of standard results of competitive markets hold in the jungle.

UR - http://www.scopus.com/inward/record.url?scp=34447265244&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=34447265244&partnerID=8YFLogxK

U2 - 10.1111/j.1468-0297.2007.02072.x

DO - 10.1111/j.1468-0297.2007.02072.x

M3 - Article

AN - SCOPUS:34447265244

SN - 0013-0133

VL - 117

SP - 883

EP - 896

JO - Economic Journal

JF - Economic Journal

IS - 522

ER -

Equilibrium in the jungle

Abstract

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this