Noncooperative oligopoly in economies with infinitely many commodities and traders
Sayantan Ghosal and
Games and Economic Behavior, 2018, vol. 109, issue C, 184-200
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)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:109:y:2018:i:c:p:184-200
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