On monopolistic equilibria with incomplete markets:the case of an exchange economy

Hubert Stahn
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Hubert Stahn: BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique

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Abstract: In this paper, I exhibit some conditions which ensure the generic existence of a monopolistic equilibrium with incomplete markets. Nash pricing behaviors on commodity markets are introduced in a two period and S state exchange economy with real assets. Financial markets still work competitively. A monopolistic equilibrium with no arbitrage is introduces and the pricing strategies are constructed by means of an objective demand curve. Conditions ensuring its existence are given.

Keywords: Real assets; Incomplete markets; Monopolistic competition; Exchange economy; Objective demand curve (search for similar items in EconPapers)
Date: 1998
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Published in Journal of Mathematical Economics, 1998, 29 (1), pp.83-107. ⟨10.1016/S0304-4068(97)00012-8⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05221009

DOI: 10.1016/S0304-4068(97)00012-8

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