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Oligopoly Equilibria in Exchange Economies : Limit Theorems

Author

Listed:
  • Lahmandi-Ayed, R
Abstract
In this paper, it is proved that in the case of pure exchange economy, the oligopoly equilibrium leads to the competitive equilibrium when the economy is replicated an infinite number of times.

Suggested Citation

  • Lahmandi-Ayed, R, 1996. "Oligopoly Equilibria in Exchange Economies : Limit Theorems," Papiers d'Economie Mathématique et Applications 96.07, Université Panthéon-Sorbonne (Paris 1).
    • Handle: RePEc:fth:pariem:96.07
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    Citations

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    Cited by:

    1. Hend Ghazzai & Wided Hemissi & Rim Lahmandi-Ayed & Sana Mami Kefi, 2021. "Note on Democracy and Competition: The Role of Ownership Structure in a General Equilibrium Model with Vertical Preferences," Revue d'économie politique, Dalloz, vol. 131(2), pages 249-261.
    2. Busetto, Francesca & Codognato, Giulio & Ghosal, Sayantan, 2011. "Noncooperative oligopoly in markets with a continuum of traders," Games and Economic Behavior, Elsevier, vol. 72(1), pages 38-45, May.
    3. Alex Dickson & Simone Tonin, 2021. "An introduction to perfect and imperfect competition via bilateral oligopoly," Journal of Economics, Springer, vol. 133(2), pages 103-128, July.
    4. Godal Odd & Meland Frode, 2010. "Permit Markets, Seller Cartels and the Impact of Strategic Buyers," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-33, April.
    5. Busetto, Francesca & Codognato, Giulio & Ghosal, Syantan, 2008. "Cournot-Walras Equilibrium as a Subgame Perfect Equilibrium," Economic Research Papers 269786, University of Warwick - Department of Economics.
    6. Hend Ghazzai & Wided Hemissi & Rim Lahmandi-Ayed & Sana Kefi, 2020. "A Note on Democracy and Competition: The Role of Ownership Structure in a General Equilibrium Model with Vertical Preferences," Working Papers hal-02480175, HAL.
    7. Bio-Akanni ELEGBEDE, 2017. "Oligopoly Equilibrium with differentiated commodities: a computation of two models," Working Papers CREGO 1171201, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    8. Gonzalo Fernández-de-Córdoba & Emma Moreno-García, 2006. "Union games: technological unemployment," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 27(2), pages 359-373, January.

    More about this item

    Keywords

    OLIGOPOLIES ; ECONOMIC EQUILIBRIUM;

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models

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