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Monopolistic behaviors and general equilibrium: a generalization of Nikaido's work

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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

This paper exhibits alternative conditions that ensure the existence of a general equilibrium with price-making firms in pure as well as in mixed strategies. The firms as in Nikaido's early work are considered as having a perfect knowledge of their demand. The existence of an objective demand is proved in a more general setting than the one used by Nikaido. Moreover to weaken the assumptions which guarantee the existence of an objective demand, I introduce a continuous random demand and prove its generic existence

Suggested Citation

  • Hubert Stahn, 1999. "Monopolistic behaviors and general equilibrium: a generalization of Nikaido's work," Post-Print hal-05221016, HAL.
    • Handle: RePEc:hal:journl:hal-05221016
    DOI: 10.1016/S0304-4068(97)00067-0
    Note: View the original document on HAL open archive server: https://hal.science/hal-05221016v1
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    References listed on IDEAS

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    1. Jaskold Gabszewicz, Jean & Vial, Jean-Philippe, 1972. "Oligopoly "A la cournot" in a general equilibrium analysis," Journal of Economic Theory, Elsevier, vol. 4(3), pages 381-400, June.
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    5. Mas-Colell, Andreu & Nachbar, John H., 1991. "On the finiteness of the number of critical equilibria, with an application to random selections," Journal of Mathematical Economics, Elsevier, vol. 20(4), pages 397-409.
    6. Stahn, Hubert, 1993. "A remark on uniqueness of fix-price equilibria in an economy with production," Journal of Mathematical Economics, Elsevier, vol. 22(5), pages 421-430.
    7. Gary-Bobo, Robert J., 1987. "Locally consistent oligopolistic equilibria are Cournot-Walras equilibria," Economics Letters, Elsevier, vol. 23(3), pages 217-221.
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    Cited by:

    1. Hubert Stahn, 2000. "Quelques réflexions sur la formation stratégique des prix dans un contexte d'équilibre général," Post-Print hal-05221023, HAL.

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