COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
AT YALE UNIVERSITY

Box 208281
New Haven, CT 06520-8281

COWLES FOUNDATION DISCUSSION PAPER NO. 912

"Existence of Walras Equilibrium without a Price Player or Generalized Game"

John Geanakoplos and Pradeep Dubey

May 1989

We derive the existence of a Walras equilibrium directly from Nash's theorem on noncooperative games. No price player is involved, nor are generalized games.

JE Classification: 026

Keywords: Walras equilibrium, game theory, Nash model, noncoperative games