Cournot-Walras equilibrium without profit feedback

Leo Kaas

Economics Bulletin, 2001, vol. 4, issue 9, 1-8

Abstract: In this note we consider a general equilibrium model with oligopolistic competition between firms who ignore the feedback effect of their dividend payments on demand. The outcome of this competition coincides with the perfectly competitive equilibrium solution, provided that firms have identical production technologies.

Keywords: General; equilibrium (search for similar items in EconPapers)
JEL-codes: D4 D5 (search for similar items in EconPapers)
Date: 2001-08-28
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