A Note on The Pareto Efficiency of General Oligopolistic Equilibria
Bertrand Crettez and
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Bertrand Crettez: Crest
No 2005-05, Working Papers from Center for Research in Economics and Statistics
This note shows that a general oligopolistic equilibrium (GOLE), a notionrecently introduced in the literature by Neary, may be Pareto-efficient. Consequently,at a GOLE, the allocation of resources can be identical to thatof a competitive equilibrium. We also propose a characterization of Paretoefficientgeneral oligopolistic equilibria.
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