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Noncooperative oligopoly in economies with infinitely many commodities and traders

Ghosal, S.; Tonin, S.

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Authors

S. Ghosal

S. Tonin



Abstract

In this paper, we extend the noncooperative analysis of multilateral oligopoly to exchange economies with infinitely many commodities and trader types where exchange is modelled using a strategic market game with commodity money and trading posts. We prove the existence of an “active” Cournot-Nash equilibrium and its convergence to a Walras equilibrium when the economy is replicated.

Citation

Ghosal, S., & Tonin, S. (2018). Noncooperative oligopoly in economies with infinitely many commodities and traders. Games and Economic Behavior, 109, 184-200. https://doi.org/10.1016/j.geb.2017.12.015

Journal Article Type Article
Acceptance Date Jan 1, 2018
Online Publication Date Jan 8, 2018
Publication Date May 1, 2018
Deposit Date Jan 4, 2018
Publicly Available Date Jul 8, 2019
Journal Games and Economic Behavior
Print ISSN 0899-8256
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 109
Pages 184-200
DOI https://doi.org/10.1016/j.geb.2017.12.015
Public URL https://durham-repository.worktribe.com/output/1337540

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