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Strategic complements and substitutes in bilateral oligopolies

Author

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  • BLOCH , Francis
  • FERRER, Hélène

Abstract

This paper characterizes the equilibrium of a bilateral oligopoly where traders have CES utility functions. We show that the offers of traders on the two sides of the market are strategic substitutes if and only if the goods are complements.
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Suggested Citation

  • BLOCH , Francis & FERRER, Hélène, 2001. "Strategic complements and substitutes in bilateral oligopolies," LIDAM Reprints CORE 1557, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  • Handle: RePEc:cor:louvrp:1557
    DOI: 10.1016/S0165-1765(00)00343-8
    Note: In : Economics Letters, 70, 83-87, 2001.
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    Cited by:

    1. Shirai, Koji, 2010. "An existence theorem for Cournot-Walras equilibria in a monopolistically competitive economy," Journal of Mathematical Economics, Elsevier, vol. 46(6), pages 1093-1102, November.
    2. Anicet Kabre, 2018. "Cobb-Douglas preferences and pollution in a bilateral oligopoly market," Working Papers hal-04141683, HAL.
    3. Ludovic A. Julien, 2015. "A note on market power in bilateral oligopoly," Economics Bulletin, AccessEcon, vol. 35(1), pages 400-406.
    4. Ludovic A. Julien & Anicet Kabre & Louis de Mesnard, 2023. "Pollution in strategic multilateral exchange: taxing emissions or trading on permit markets?," Working Papers hal-04159849, HAL.
    5. Amir, Rabah & Bloch, Francis, 2009. "Comparative statics in a simple class of strategic market games," Games and Economic Behavior, Elsevier, vol. 65(1), pages 7-24, January.
    6. Cont, Walter & Porto, Guido, 2014. "Measuring the impact of a change in the price of Cashew received by exporters on farmgate prices and poverty in Guinea-Bissau," Policy Research Working Paper Series 7036, The World Bank.
    7. GABSZEWICZ, Jean & GRAZZINI, Lisa, 2000. "Strategic multilateral exchange and taxes," LIDAM Discussion Papers CORE 2000063, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    8. Anicet Kabre, 2018. "Cobb-Douglas preferences and pollution in a bilateral oligopoly market," EconomiX Working Papers 2018-48, University of Paris Nanterre, EconomiX.
    9. Kim, Eungsik & Spear, Stephen, 2025. "The rich are not like you and me: Income, price dispersion, and consumption," Journal of Economic Theory, Elsevier, vol. 228(C).

    More about this item

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies

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