Crettez, Bertrand; Fagart, Marie-Cécile - Centre de Recherche en Économie et Statistique … - 2005
This note shows that a general oligopolistic equilibrium (GOLE), a notionrecently introduced in the literature by Neary, may be Pareto-efficient. Consequently,at a GOLE, the allocation of resources can be identical to thatof a competitive equilibrium. We also propose a characterization of...