An introduction to perfect and imperfect competition via bilateral oligopoly
Alex Dickson and
Simone Tonin ()
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Alex Dickson: University of Strathclyde
Simone Tonin: Università degli Studi di Udine
Journal of Economics, 2021, vol. 133, issue 2, No 1, 103-128
Abstract This paper explores the study of bilateral oligopoly, in which both sellers and buyers have substantial influence on the market. We lead readers coherently through the key results that emerge from the literature on bilateral oligopoly by means of worked examples based on the same underlying two commodity exchange economy, along with broader consideration of the relevant literature. This allows us to concisely compare the different equilibrium outcomes when agents act simultaneously vs sequentially, and when some/all agents are assumed to behave competitively, giving the reader much-needed straightforward access to the results of this challenging literature.
Keywords: Exchange economy; Bilateral oligopoly; Cournot-walras; Cournot-nash (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:kap:jeczfn:v:133:y:2021:i:2:d:10.1007_s00712-020-00727-3
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