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Cournot-Walras equilibrium without profit feedback

Author

Listed:
  • Leo Kaas

    (University of Vienna)

Abstract

In this note we consider a general equilibrium model with oligopolistic competition between firms who ignore the feedback effect of their dividend payments on demand. The outcome of this competition coincides with the perfectly competitive equilibrium solution, provided that firms have identical production technologies.

Suggested Citation

  • Leo Kaas, 2001. "Cournot-Walras equilibrium without profit feedback," Economics Bulletin, AccessEcon, vol. 4(9), pages 1-8.
    • Handle: RePEc:ebl:ecbull:eb-01d50001
    as

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    References listed on IDEAS

    as
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    6. Bohm Volker, 1994. "The Foundation of the Theory of Monopolistic Competition Revisited," Journal of Economic Theory, Elsevier, vol. 63(2), pages 208-218, August.
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    More about this item

    Keywords

    General equilibrium;

    JEL classification:

    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D4 - Microeconomics - - Market Structure, Pricing, and Design

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