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For an industry producing a composite commodity, we propose a comprehensive concept of oligopolistic equilibrium, allowing for a parameterized continuum of regimes varying in competitive toughness. Each firm sets simultaneously its price and its quantity under two constraints, relative to its...
Persistent link: https://www.econbiz.de/10005384571
[eng] Price competition and cournotian equilibria. . Contrary to a widespread belief, strategie choices described by the Cournotian model are not confined to quantities. Only, price strategies are constrained by the fact that « the priee is necessarily the same » for producers of a homogeneous...
Persistent link: https://www.econbiz.de/10008626263
Persistent link: https://www.econbiz.de/10010791655
The cyclical behavior of wages and prices was a central topic in trade cycle analysis on the eve of the Second World War. Keynes and Harrod independently referred in the same year to the supposed countercyclicality of real wages, a feature that was contested soon after, on empirical grounds, by...
Persistent link: https://www.econbiz.de/10010571095
Persistent link: https://www.econbiz.de/10008670680
A simple general equilibrium model of imperfect competition is introduced with special attention given to the labour market. An extended Cournot equilibrium is defined for any money wage taken as given by the producers. Under some assumptions involuntary unemployment may arise, that is...
Persistent link: https://www.econbiz.de/10011074965
<title>Abstract</title> On the basis of the 19th century mathematical economics literature initiated by Cournot, the paper shows the coexistence of two contrasting views of competition, which may be associated, as already suggested by Edgeworth, with the two themes of peace and war. According to the first view...
Persistent link: https://www.econbiz.de/10010975919
<title>Abstract</title> Cournot's <italic>Recherches</italic> contains a sketch of the general equilibrium research programme, as well as the model of an exchange economy as a system verifying Walras' law. General equilibrium analysis had nonetheless to wait for Walras to occupy the centre of theoretical economics, since it...
Persistent link: https://www.econbiz.de/10010975961
[eng] The question of the wages-employment relationship stemmed from the statistical invalidation by Dunlop and Tarshis, immediately after the publication of the General Theory, of a conjecture formulated by Keynes on the alleged negative correlation between real and money wages. All three...
Persistent link: https://www.econbiz.de/10010977421
[ger] Investition, Leistungsfähigkeit und Koordination im Unternehmen, . von Rodolphe Dos Santos Ferreira, Philippe Michel, Jacques Thépot.. . Mit dem Investitionsmodell eines Unternehmens lassen sich zwei Arten von Verhaltensweisen miteinander vergleichen: die naive und die rationale...
Persistent link: https://www.econbiz.de/10010977887