Trade fragmentation and coordination in bilateral oligopolies
This 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.
|Date of creation:||07 Jan 1999|
|Date of revision:|
|Contact details of provider:|| Postal: |
Fax: +32 10474304
Web page: http://www.uclouvain.be/core
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- GABSZEWICZ, Jean & MICHEL, Philippe, 1992.
"Oligopoly equilibria in exchange economies,"
CORE Discussion Papers
1992047, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Gabszewicz, J. & Michel, P., 1992. "Oligopoly Equilibria in Exchange Economies," Papiers d'Economie MathÃ©matique et Applications 92.26, UniversitÃ© PanthÃ©on-Sorbonne (Paris 1).
- Gabszewicz, J.J. & Michel, P., . "Oligopoly equilibrium in exchange economies," CORE Discussion Papers RP -1265, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Shapley, Lloyd S & Shubik, Martin, 1977. "Trade Using One Commodity as a Means of Payment," Journal of Political Economy, University of Chicago Press, vol. 85(5), pages 937-68, October.
- Cordella, T. & Gabszewicz, J. J., .
""Nice'' trivial equilibria in strategic market games,"
CORE Discussion Papers RP
-1302, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Cordella, Tito & Gabszewicz, Jean J., 1998. ""Nice" Trivial Equilibria in Strategic Market Games," Games and Economic Behavior, Elsevier, vol. 22(1), pages 162-169, January.
- Amir, Rabah & Sahi, Siddharta & Shubik, Martin & Yao, Shuntian, 1990.
"A strategic market game with complete markets,"
Journal of Economic Theory,
Elsevier, vol. 51(1), pages 126-143, June.
- Martin Shubik, 1977. "A Theory of Money and Financial Institutions," Cowles Foundation Discussion Papers 462, Cowles Foundation for Research in Economics, Yale University.
- BLOCH, Francis & GHOSAL, Sayantan, 1994.
"Stable Trading Structures in Bilateral Oligopolies,"
CORE Discussion Papers
1994056, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Bloch, Francis & Ghosal, Sayantan, 1997. "Stable Trading Structures in Bilateral Oligopolies," Journal of Economic Theory, Elsevier, vol. 74(2), pages 368-384, June.
When requesting a correction, please mention this item's handle: RePEc:cor:louvco:1999008. 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: (Alain GILLIS)
If references are entirely missing, you can add them using this form.