Ghosal, S. and Tonin, S. (2018) 'Noncooperative oligopoly in economies with infinitely many commodities and traders.', Games and economic behavior., 109 . pp. 184-200.
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.
|Full text:||(AM) Accepted Manuscript|
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|Publisher Web site:||https://doi.org/10.1016/j.geb.2017.12.015|
|Publisher statement:||© 2018 This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/|
|Date accepted:||01 January 2018|
|Date deposited:||05 January 2018|
|Date of first online publication:||08 January 2018|
|Date first made open access:||08 July 2019|
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