Monopolistic behaviors and general equilibrium: a generalization of Nikaido's work

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: This paper exhibits alternative conditions that ensure the existence of a general equilibrium with price-making firms in pure as well as in mixed strategies. The firms as in Nikaido's early work are considered as having a perfect knowledge of their demand. The existence of an objective demand is proved in a more general setting than the one used by Nikaido. Moreover to weaken the assumptions which guarantee the existence of an objective demand, I introduce a continuous random demand and prove its generic existence

Keywords: Random selections; Objective demand; General equilibrium; Monopolistic pricing (search for similar items in EconPapers)
Date: 1999
Note: View the original document on HAL open archive server: https://hal.science/hal-05221016v1
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Citations: View citations in EconPapers (1)

Published in Journal of Mathematical Economics, 1999, 32 (1), pp.87-112. ⟨10.1016/S0304-4068(97)00067-0⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05221016

DOI: 10.1016/S0304-4068(97)00067-0

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