Trade fragmentation and coordination in bilateral oligopolies
AbstractThis paper studies a strategic market game where agents fragment their bids on different markets. Simple conditions for existence of an interior equilibrium point are provided. In equilibrium, all agents are active on the same markets and prices are identical across markets, so that all equilibria are equivalent to an equilibrium where all agents trade on a single market.
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Bibliographic InfoPaper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 1999008.
Date of creation: 07 Jan 1999
Date of revision:
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"Regional and sub-global climate blocs. A game-theoretic perspective on bottom-up climate regimes,"
2006_10, Department of Economics, University of Venice "Ca' Foscari".
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