General Equilibrium Concepts under Imperfect Competition: A Cournotian Approach
In a pure exchange economy we propose a general equilibrium concept under imperfect competition, the "Cournotian Monopolistic Competition Equilibrium", and compare it to the Cournot-Walras and the Monopolistic Competition concepts. The advantage of the proposed concept is to simplify the calculations attributed to strategic agents. Then we study the connexion of these concepts to a general concept of P-equilibrium which is extended to economies with production.
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- Claude d'Aspremont & Rodolphe Dos Santos Ferreira & Louis-André Gérard-Varet, 1990.
"On Monopolistic Competition and Involuntary Unemployment,"
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- d'ASPREMONT, Claude & DOS SANTOS FERREIRA, Rodolphe & GERARD-VARET, Louis-André, "undated". "Pricing schemes and Cournotian equilibria," CORE Discussion Papers RP 943, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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