Accession Number : AD0775786

Title :   On the Role of Numbers and Information in Competition,

Corporate Author : YALE UNIV NEW HAVEN CONN COWLES FOUNDATION FOR RESEARCH IN ECONOMICS

Personal Author(s) : Shubik,Martin

Report Date : 26 FEB 1974

Pagination or Media Count : 26

Abstract : In the verbal descriptions of price in a competitive market the role of many competitors in bringing about the existence of a competitive price system is critical. Yet in the purported mathematization of these descriptions the role of the presence of many competitors disappears. The author discusses the importance of the role of numbers in a market.

Descriptors :   *Economic models, Equilibrium(General), Game theory, Measure theory, Money

Subject Categories : Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE