Showing 1 - 10 of 36
The paper examines some issues linked to the integration of market power in general equilibrium. The first part reviews the different existing approaches: subjective and objective, in terms of quantities and in terms of prices. The second part presents a semi-competitive model, based on a sector...
Persistent link: https://www.econbiz.de/10005779667
This paper analyzes a class of two-stage Cournot games where firms are collusive in the first stage, and shows that … social welfare, by setting parameters in stage one, subject to the constraint that in stage two, firms are Cournot …
Persistent link: https://www.econbiz.de/10005669433
manipulation. Oligopolistic firms (which differ from each other in production costs) compete a la Cournot in the second stage …
Persistent link: https://www.econbiz.de/10005669469
I apply three noncooperative models of coalition formation to a Cournot olygopoly. In each model, each firm has to …
Persistent link: https://www.econbiz.de/10005779610
This paper considers a model of oligopolistic competition and locational choice that incorporates the notion of regional industrial systems. Firms play a non cooperative game where the strategy set of firms is given by a set of existing industrial districts. Each firm is distinguished by its...
Persistent link: https://www.econbiz.de/10005669463
contestability, either under Cournot competition or under product differentiation. Examples are given for both cases. Appropriate …
Persistent link: https://www.econbiz.de/10005779607
consumers and firms. Firms strategically decide on investment in the first period of their life, and compete a la Cournot in the …
Persistent link: https://www.econbiz.de/10005779616
We investigate the existence conditions of involuntary unemployment in an overlapping generations model with an imperfect output market. At the temporary equilibrium, unemployment is involuntary if it exists whatever the nominal wage. The study of the price-elasticity components gives us two...
Persistent link: https://www.econbiz.de/10005779624
We consider a simple general equilibrium model with imperfect competition on the labor market. We show that on this market a rise in the number of trade unions may reduce the employment level. This result depends on the properties of the nominal wage-elasticity of the labor demand. It is...
Persistent link: https://www.econbiz.de/10005779629
In economic two players games with negative (positive) spillovers it is well-known that symmetric agents both overact (underact) at the Nash Equilibria. We show that for heterogeneous agents this rule has to be amended if the game features strategic substituability.
Persistent link: https://www.econbiz.de/10005634410