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Noncooperative oligopoly in economies with infinitely many commodities and traders

Article
Author/s: 
Sayantan Ghosal, Simone Tonin
Elsevier Games and Economic Behavior
Publisher: 
Elsevier
Year: 
2018
Journal Article [1]
In this paper, we extend the noncooperative analysis of multilateral oligopoly to exchange economies with infinitely many commodities and trader types where exchange is modelled using a strategic market game with commodity money and trading posts. We prove the existence of an “active” Cournot-Nash equilibrium and its convergence to a Walras equilibrium when the economy is replicated.
Tags: 
Industrial Organisation [2]
Trade Theory [3]

Source URL:http://www.coalitiontheory.net/content/noncooperative-oligopoly-economies-infinitely-many-commodities-and-traders

Links
[1] https://www.sciencedirect.com/science/article/pii/S0899825618300010 [2] http://www.coalitiontheory.net/research-areas/industrial-organisation [3] http://www.coalitiontheory.net/research-areas/trade-theory