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This paper introduces two equilibrium concepts which extend the notion of Stackelberg competition to cover a general equilibrium framework. From the benchmarks of Cournot-Walras economies and of strategic market games, the introduction of an active leader modifies the working of market power and...
Persistent link: https://www.econbiz.de/10008542924
This paper introduces two equilibrium concepts which extend the notion of Stackelberg competition to cover a general equilibrium framework. From the benchmarks of Cournot-Walras economies and the strategic market games, the introduction of an active leader modifies the working of market power...
Persistent link: https://www.econbiz.de/10011074936
[eng] Always associated to a purposive behavior, the economic rationality is often confused with the utility maximizing behavior. This association is not always valid, since the maximizing form of individual rationality is not indépendant from its social context. This article deals with the...
Persistent link: https://www.econbiz.de/10010977470
This paper introduces and develops the concept of “conditional agreement point”, defined as the dominating issue (hard optimality) within a certain restricted subset of the set of feasible issues (partial optimality). Such a concept associates individualistic independence (via the operation...
Persistent link: https://www.econbiz.de/10010992377
Rational choice theory stretches out in two complementary directions. Its contextual and extensive application fills and then overflows the strict domain of substantive economy, eventually identifying any human choice with an economic decision. Its structural and intensive sophistication...
Persistent link: https://www.econbiz.de/10010992401