Ghosal, S. and Tonin, S. (2018) Noncooperative oligopoly in economies with infinitely many commodities and traders. Games and Economic Behavior, 109, pp. 184-200. (doi: 10.1016/j.geb.2017.12.015)
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Abstract
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.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Ghosal, Professor Sayantan |
| Authors: | Ghosal, S., and Tonin, S. |
| College/School: | College of Social Sciences > Adam Smith Business School > Economics |
| Journal Name: | Games and Economic Behavior |
| Publisher: | Elsevier |
| ISSN: | 0899-8256 |
| ISSN (Online): | 1090-2473 |
| Published Online: | 08 January 2018 |
| Copyright Holders: | Copyright © 2018 Elsevier |
| First Published: | First published in Games and Economic Behavior 109: 184-200 |
| Publisher Policy: | Reproduced in accordance with the copyright policy of the publisher |
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