Showing 1 - 10 of 29
The general purpose of this paper is to prove quasiequilibrium existence theorems for production economies with general consumption sets in an infinite dimensional commodity space, without assuming any monotonicity of preferences or free-disposal in production.
Persistent link: https://www.econbiz.de/10005475329
We analyse a Ramsey economy when net investment is constrained to be non negative. We prove existence of a competitive equilibrium when utility need not hold. The analysis is carried out by means of direct and technically standard strategy.
Persistent link: https://www.econbiz.de/10005779546
This contribution investigates the effectiveness and welfare implications of fiscal policies in a context of multilateral trade, when traders behave strategically. The present approach deals simultaneously with two aspects of fiscal policies: collecting resources for redistributive purposes and...
Persistent link: https://www.econbiz.de/10005669327
We investigate the effectiveness of tax and transfer policies in correcting market distortions when the economy is imperfectly competitive. We perform this analysis in the context of an exchange model representing a bilateral oligopoly situation, which constitutes a particular example of a...
Persistent link: https://www.econbiz.de/10005779453
This paper compares the welfare effects of ad valorem and per unit commodity taxation, in a model of oligopolistic interaction. Our main result is that, when the number of consumers is sufficiently high, per unit taxes welfare dominate ad valorem taxes.
Persistent link: https://www.econbiz.de/10005634058
Successful individuals were frequently found to be overly optimistic. These finding are puzzling, as one could expect that realists would perform best in the long run. We show, however, that in a large class of strategic interactions of either cooperation or competition, the equilibrium payoffs...
Persistent link: https://www.econbiz.de/10005647281
These notes discuss some of the main results and models from the theory of international trade under imperfect competition. They are necessairy both selective and superficial. Multinationals are conspicuous by their absence, and the reader is referred to Markusen (1995) for a recent survey. Up...
Persistent link: https://www.econbiz.de/10010334923
We develop an equilibrium model of industrial structure in which the organization of firms is endogenous. Differentiated consumer products can be produced either by vertically integrated firms or by pairs of specialized companies. Production of each variety of consumer good requires a unique,...
Persistent link: https://www.econbiz.de/10005487329
Sont presentees ici quelques reflexions portant sur la dynamique de la mondialisation, de la competition, du reseautage et du processus decisionnel collectif.
Persistent link: https://www.econbiz.de/10005474798
This note analyzes the effect of product complementarity in a bilateral oligopoly. We show that offers of traders on the two sides of the market are strategic complements (substitutes) if and only if the two goods are substitutes (complements). The outcome of the bilateral oligopoly game...
Persistent link: https://www.econbiz.de/10005779403