Hierarchically Structured Exchange Economies

  • Willy Spanjers
Part of the Theory and Decision Library book series (TDLC, volume 15)


In this chapter we introduce the basic concepts of the model we work with throughout this monograph. Since we only consider exchange economies, we use the term hierarchically structured economy as a short hand for hierarchically structured exchange economy.


Hierarchical Structure Hierarchical Level Relationship Structure Exchange Economy Institutional Characteristic 
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Copyright information

© Springer Science+Business Media Dordrecht 1997

Authors and Affiliations

  • Willy Spanjers
    • 1
  1. 1.University of SaarlandSaarbrückenGermany

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