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Durham Research Online
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Noncooperative oligopoly in economies with infinitely many commodities and traders.

Ghosal, S. and Tonin, S. (2018) 'Noncooperative oligopoly in economies with infinitely many commodities and traders.', Games and economic behavior., 109 . pp. 184-200.

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.

Item Type:Article
Full text:(AM) Accepted Manuscript
Available under License - Creative Commons Attribution Non-commercial No Derivatives.
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Status:Peer-reviewed
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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