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In this paper, we reconstruct the main developments of the theory of noncooperative oligopoly in general equilibrium, by focusing on the analysis of three prototypical models for pure exchange economies: the model of Cournot-Walras equilibrium of Codognato and Gabszewicz (1991); the model of...
Persistent link: https://www.econbiz.de/10011187358
In this paper, in an exchange economy with atoms and an atomless part, we analyze the relationship between the set of the Cournot-Nash equilibrium allocations of a strategic market game and the set of the Walras equilibrium allocations of the exchange economy with which it is associated. In an...
Persistent link: https://www.econbiz.de/10010896332
In this paper, we consider an exchange economy `a la Shitovitz (1973), with atoms and an atomless set. We associate with it a strategic market game of the kind first proposed by Lloyd S. Shapley and known as the Shapley window model. We analyze the relationship between the set of the...
Persistent link: https://www.econbiz.de/10010896998
In this paper, we consider an exchange economy µa la Shitovitz (1973), with atoms and an atomless set. We associate with it a strategic market game of the kind first proposed by Lloyd S. Shapley and known as the Shapley window model. We analyze the relationship between the set of the...
Persistent link: https://www.econbiz.de/10011075703
In this paper, we investigate the problem of the strategic foundation of the Cournot-Walras equilibrium approach. To this end, we respecify a'la Cournot-Walras the mixed version of a model of simultaneous, noncooperative exchange, originally proposed by Lloyd S.Shapley. We show, through an...
Persistent link: https://www.econbiz.de/10005747142
In this paper, in an exchange economy with atoms and an atomless part, we analyze the relationship between the set of the Cournot-Nash equilibrium allocations of a strategic market game and the set of the Walras equilibrium allocations of the exchange economy with which it is associated. In an...
Persistent link: https://www.econbiz.de/10010567971
We show the existence of a pure strategy Cournot-Nash equilibrium for a model of noncooperative exchange where large traders, represented as atoms, and small traders, represented by an atomless part, are allowed to buy and sell all commodities.
Persistent link: https://www.econbiz.de/10008914634
In this paper, we study three prototypical models of noncooperative oligopoly in markets with a continuum of traders : the model of Cournot-Walras equilibrium of Codognato and Gabszewicz (1991), the model of Cournot-Nash equilibrium of Lloyd S. Shapley, and the model of Cournot-Walras...
Persistent link: https://www.econbiz.de/10005368715
Persistent link: https://www.econbiz.de/10005374335
Persistent link: https://www.econbiz.de/10005388076