Equilibrium in the jungle

Michele Piccione*, Ariel Rubinstein

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review


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 languageEnglish
Pages (from-to)883-896
Number of pages14
JournalEconomic Journal
Issue number522
StatePublished - Jul 2007


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