S. Ghosal
Noncooperative oligopoly in economies with infinitely many commodities and traders
Ghosal, S.; Tonin, S.
Authors
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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Copyright 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/
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