General equilibrium concepts under imperfect competition: a cournotian approach

Claude D'Aspremont*, Rodolphe dos Santos Ferreira, Louis André Gérard-Varet

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

20 Citations (Scopus)

Abstract

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.
Original languageEnglish
Pages (from-to)199-230
Number of pages32
JournalJournal of Economic Theory
Volume73
Issue number1
DOIs
Publication statusPublished - Mar 1997
Externally publishedYes

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