Advanced Search
MyIDEAS: Login

Successive Oligopolies in a Pure Exchange Economy

Contents:

Author Info

  • Somdeb Lahiri

    ()
    (PD Petroleum University)

Abstract

In this paper we assume a market structure in which there are whole-sellers, retailers and consumers. The product sold to the consumers is initially endowed with the whole-sellers. The whole-sellers value both the product and money. The retailers are not endowed with anything at all. The retailers submit bids in units of money to the wholesellers from the revenue earned by selling the product to the consumers. The whole-sellers offer the product to the retailers who in turn sell it to the consumers. The retailers care only for money. In this model there is a trivial equilibrium with no bids or offers being submitted. In addition we establish that a unique non-trivial equilibrium exists in which every trader participates in the market. Further, such an equilibrium is symmetricall whole-sellers offer the same quantity of the product and all retailers bid the same quantity of money. We also obtain some comparative static results

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.lifescienceglobal.com/home/cart?view=product&id=336
Download Restriction: no

Bibliographic Info

Article provided by Lifescience Global in its journal Journal of Reviews on Global Economics.

Volume (Year): 1 (2012)
Issue (Month): ()
Pages: 150-156

as in new window
Handle: RePEc:lif:jrgelg:v:1:y:2012:p:150-156

Contact details of provider:
Web page: http://www.lifescienceglobal.com

Related research

Keywords: Successive oligopolies; bilateral oligopoly; non-trivial equilibrium; comparative statics;

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:lif:jrgelg:v:1:y:2012:p:150-156. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Faisal Ameer Khan).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.