Likely to be a very stupid doubt.
I am reading Douglas Gale's book "The Strategic Foundations of General Equilibrium", which presents a brief version of "Equilibrium in a Market with Sequential Bargaining" (pg 15). I am not sure how the model is being set up in the book. Maybe it is a typo, or maybe I am missing something which is extremely obvious.
The book says, "There is continuum of traders, M buyers, and N sellers of a N indivisible good".
I am not sure what this means:
Is there a continuum of indivisible goods, each of which has M buyers and N sellers?
Is there only one indivisible good, with a continuum of buyers and a continuum of sellers, with M and N being their measures, respectively?
I tried referring to the original paper and the latter seems to be the case, but I am not very confident.
Is the author referring to something I am completely missing?