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Imperfect Competition and General Equilibrium Elements for a New Approach

Author

Listed:
  • d'Aspremont, C
  • Santos Ferreira, R-D
  • Gerard-Varet, L-A

Abstract

The paper examines some issues linked to the integration of market power in general equilibrium. The first part reviews the different existing approaches : subjective and objective, in terms of quantitites and in terms of prices. The second part presents a semi-competitive model, based on a sector by sector approach and a general notion of price coordination.

Suggested Citation

  • d'Aspremont, C & Santos Ferreira, R-D & Gerard-Varet, L-A, 1997. "Imperfect Competition and General Equilibrium Elements for a New Approach," ASSET - Instituto De Economia Publica 148, ASSET (Association of Southern European Economic Theorists).
    • Handle: RePEc:fth:inecpu:148
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    Keywords

    GENERAL EQUILIBRIUM ; COMPETITION;

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General

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