Atomic Leontievian Cournotian traders are always Walrasian

被引:4
作者
Busetto, Francesca [1 ]
Codognato, Giulio [1 ,2 ]
Julien, Ludovic [2 ]
机构
[1] Univ Udine, Dipartimento Sci Econ & Stat, I-33100 Udine, Italy
[2] Univ Paris Nanterre, CNRS, UPL, Economix, F-92000 Nanterre, France
关键词
Cournot-Nash equilibrium; Walras equilibrium; Leontievian preferences; NON-COOPERATIVE EQUILIBRIA; NONCOOPERATIVE OLIGOPOLY; COMPLETE MARKETS; TRADING ECONOMY; CONTINUUM; COMMODITY; MONEY;
D O I
10.1016/j.geb.2020.05.004
中图分类号
F [经济];
学科分类号
02 ;
摘要
We consider a bilateral oligopoly version of the Shapley window model with large traders, represented as atoms, and small traders, represented by an atomless part. For this model, we show that, when atoms have Leontievian utility functions, any Cournot-Nash allocation is a Walras allocation and, consequently, it is Pareto optimal. (C) 2020 Elsevier Inc. All rights reserved.
引用
收藏
页码:318 / 327
页数:10
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