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Oligopoly Equilibria “à la Stackelberg” in Pure Exchange Economies

Ludovic Julien and Fabrice Tricou
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Fabrice Tricou: Economix, Université Paris Ouest Nanterre

No 2010023, Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: This paper introduces two equilibrium concepts which extend the notion of Stackelberg competition to cover a general equilibrium framework. From the benchmarks of Cournot-Walras economies and the strategic market games, the introduction of an active leader modifies the working of market power and the configuration of strategic interactions. In the context of a simple pure exchange economy, asymptotic identification and welfare results are thus obtained, about Stackelberg general equilibria, compared to Cournot general equilibria and to the competitive equilibrium.

Keywords: General equilibrium; Oligopolistic Competition (search for similar items in EconPapers)
JEL-codes: D43 D51 (search for similar items in EconPapers)
Pages: 19
Date: 2010-06-01
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Journal Article: Oligopoly Equilibria “à la Stackelberg” in Pure Exchange Economies (2010) Downloads
Working Paper: Oligopoly equilibria ‘à la Stackelberg’ in pure exchange economies (2010)
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