Hierarchically Structured Economies 87 Die Studie befasst sich mit

Die Studie befasst sich mit den Entscheidungen zu Übergangsbestimmungen

Jaana und ihre Schwester können sich nur schwer lösen aus den Verstrickungen

Research Developments

and subjected to structure elucidation by the modem methods of physical chemistry

Hierarchically Structured Economies 87 Die Studie befasst sich mitIn 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 structured economies is introduced. The possibilities and limitations of the use of the concept of subgame perfect