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Ten Years Of General Oligopolistic Equilibrium: A Survey

Listed author(s):
  • Rudy Colacicco

In this paper, I survey the recent and rapidly increasing theoretical literature using the brand-new approach in embedding oligopolistic competition in general equilibrium, as designed by J. Peter Neary. First, I introduce the reader to Neary's approach, by describing the main ingredients. Then, I present a comprehensive set of studies that, over the last decade, apply this approach in different contexts, most of which are in open economy, and I examine the relevant outcomes. Although the theoretical literature has generously advanced, there is a lack of research on the empirical side, which would be an important area for future research besides theoretical extensions, some of which I highlight in the conclusions.

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File URL: http://hdl.handle.net/10.1111/joes.12084
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Article provided by Wiley Blackwell in its journal Journal of Economic Surveys.

Volume (Year): 29 (2015)
Issue (Month): 5 (December)
Pages: 965-992

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Handle: RePEc:bla:jecsur:v:29:y:2015:i:5:p:965-992
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