TY - JOUR
T1 - General equilibrium concepts under imperfect competition
T2 - a cournotian approach
AU - D'Aspremont, Claude
AU - Ferreira, Rodolphe dos Santos
AU - Gérard-Varet, Louis André
PY - 1997/3
Y1 - 1997/3
N2 - In a pure exchange economy we propose a general equilibrium concept under imperfect competition, the "Cournotian Monopolistic Competition. Equilibrium," and compare it to the Cournot-Walras and the Monopolistic Competition concepts. The advantage of the proposed concept is to require less computational ability from the agents. The comparison is made first through a simple example, then through a more abstract concept, theP-equilibrium, based on a general notion of price coordination, the pricing-scheme.Journal of Economic LiteratureClassification Numbers: D5, D43.
AB - In a pure exchange economy we propose a general equilibrium concept under imperfect competition, the "Cournotian Monopolistic Competition. Equilibrium," and compare it to the Cournot-Walras and the Monopolistic Competition concepts. The advantage of the proposed concept is to require less computational ability from the agents. The comparison is made first through a simple example, then through a more abstract concept, theP-equilibrium, based on a general notion of price coordination, the pricing-scheme.Journal of Economic LiteratureClassification Numbers: D5, D43.
UR - http://www.scopus.com/inward/record.url?scp=0031100913&partnerID=8YFLogxK
U2 - 10.1006/jeth.1996.2222
DO - 10.1006/jeth.1996.2222
M3 - Article
AN - SCOPUS:0031100913
SN - 0022-0531
VL - 73
SP - 199
EP - 230
JO - Journal of Economic Theory
JF - Journal of Economic Theory
IS - 1
ER -