EconPapers    
Economics at your fingertips  
 

Oligopoly Equilibrium with differentiated commodities: a computation of two models

Bio-Akanni Elegbede ()
Additional contact information
Bio-Akanni Elegbede: IAE DIJON - Université de Bourgogne (CREGO)

No 1171201, Working Papers CREGO from Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations

Abstract: In this paper, we define the concept of symmetric Cournot-Walras equilibrium (SCWE thereafter) in a pure exchange economy with differentiated commodities based on Julien and Tricou (2005). We compute this concept of equilibrium to two economies where the oligopolists offer their differentiated goods on the market in order to obtain the competitive good. We obtain three main results. First, we find that, under certain conditions, SCWE-DP allocations and price converge to Walrasian ones. Second, we also find that whether the SCWE-DP is Pareto-dominated or not by Walrasian equilibrium depends on the type of economic agent (oligopolist or competitive). Third, the two economies are linked.

Keywords: Di erentiated commodity; General equilibrium; Cournot-Walras Equilibrium (search for similar items in EconPapers)
JEL-codes: C72 D43 D51 L13 L38 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-gth, nep-ind and nep-mic
Date: 2017-12
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://crego.u-bourgogne.fr/images/stories/wp/bae-CREGO-1171201.pdf (application/pdf)

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:dij:wpfarg:1171201

Ordering information: This working paper can be ordered from
Angèle Renaud, CREGO, 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France

Access Statistics for this paper

More papers in Working Papers CREGO from Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France.
Bibliographic data for series maintained by Angèle RENAUD ().

 
Page updated 2019-04-09
Handle: RePEc:dij:wpfarg:1171201