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Andris Birkmanis Posted: Mon, Oct 3 2011 4:26 AM

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Equilibrium in the Jungle

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.

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• Filed under: Power, coercion, force
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