Noncooperative oligopoly in economies with infinitely many commodities and traders

• 成果类型: Article
• 署名作者: Ghosal, Sayantan; Tonin, Simone
• 署名单位: University of Glasgow; Durham University
• 刊物名称: GAMES AND ECONOMIC BEHAVIOR
• ISSN/ISSBN: 0899-8256
• DOI: 10.1016/j.geb.2017.12.015
• 发表日期: 2018
• 页码: 184-200
• 关键词: Noncooperative oligopoly; strategic market games; Infinite economies

摘要

In this paper, we extend the noncooperative analysis of multilateral oligopoly to exchange economies with infinitely many commodities and trader types where exchange is modelled using a strategic market game with commodity money and trading posts. We prove the existence of an active Cournot-Nash equilibrium and its convergence to a Walras equilibrium when the economy is replicated. (C) 2018 Elsevier Inc. All rights reserved.