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|
First Live Deposit - 05 January 2018
Available under License - Creative Commons Attribution Non-commercial No Derivatives.
Download PDF (345Kb)
|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/|
|Record Created:||05 Jan 2018 11:28|
|Last Modified:||08 Jul 2019 09:24|
|Social bookmarking:||Export: EndNote, Zotero | BibTex|
|Look up in GoogleScholar | Find in a UK Library|