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On monopolistic equilibria with incomplete markets :the case of an exchange economy

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  • Hubert Stahn

    (BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique)

Abstract

In this paper, I exhibit some conditions which ensure the generic existence of a monopolistic equilibrium with incomplete markets. Nash pricing behaviors on commodity markets are introduced in a two period and S state exchange economy with real assets. Financial markets still work competitively. A monopolistic equilibrium with no arbitrage is introduces and the pricing strategies are constructed by means of an objective demand curve. Conditions ensuring its existence are given.

Suggested Citation

  • Hubert Stahn, 1998. "On monopolistic equilibria with incomplete markets :the case of an exchange economy," Post-Print hal-05221009, HAL.
    • Handle: RePEc:hal:journl:hal-05221009
    DOI: 10.1016/S0304-4068(97)00012-8
    Note: View the original document on HAL open archive server: https://hal.science/hal-05221009v1
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    References listed on IDEAS

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