Noncooperative oligopoly in economies with infinitely many commodities and traders

Sayantan Ghosal and Simone Tonin

Games and Economic Behavior, 2018, vol. 109, issue C, 184-200

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.

Keywords: Noncooperative oligopoly; Strategic market games; Infinite economies (search for similar items in EconPapers)
JEL-codes: C72 D43 D51 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0899825618300010
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:109:y:2018:i:c:p:184-200

DOI: 10.1016/j.geb.2017.12.015

Access Statistics for this article

Games and Economic Behavior is currently edited by E. Kalai

More articles in Games and Economic Behavior from Elsevier
Bibliographic data for series maintained by Catherine Liu ().