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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.
SCIMA record nr: 160836
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