search query: @freeterm MARKET POWER / total: 16
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| Author: | Dierker, E. Dierker, H. |
| Title: | General equilibrium with imperfect competition |
| Journal: | Journal of the European Economic Association
2006 : MAY, VOL. 4:2-3, p. 436-445 |
| Index terms: | |
| Freeterms: | market power objectives |
| Language: | eng |
| Abstract: | This article discusses the objective of a firm and that it is not well defined if firms have market power. The authors present an example of Cournot-Walras competition in order to shed light on this problem and to motivate the cocept of real wealth maximization that Gordal and Dicker have proposed as the firms objective. |
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