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Author: | D'Aspremont, C. Dos Santos Ferreira, R. Gerard-Varet, L.-A. |
Title: | General equilibrium concepts under imperfect competition: A Cournotian approach |
Journal: | Journal of Economic Theory
1997 : MAR, VOL. 73:1, p. 199-230 |
Index terms: | IMPERFECT COMPETITION MONOPOLY PRICING |
Language: | eng |
Abstract: | This paper proposes in a pure exchange economy a general equilibrium concept under imperfect competition, the Cournotian monopolistic competition equilibrium and compares it to the monopolistic competition and Cournot-Walras concepts. The proposed concept requires less computational ability from the agents, and the comparison is made through a simple example, then through a more complicated concept based on a general notion of price coordination. |
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