Noncooperative oligopoly in economies with infinitely many commodities and traders

Ghosal, S. and Tonin, S. (2018) Noncooperative oligopoly in economies with infinitely many commodities and traders. Games and Economic Behavior, (doi:10.1016/j.geb.2017.12.015) (Early Online Publication)

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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:Early Online Publication
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 2018
Publisher Policy:Reproduced in accordance with the copyright policy of the publisher

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