Price normalization under imperfect competition

被引：0

作者：

Klaus Ritzberger

机构：

[1] Vienna Graduate School of Finance and Institute for Advanced Studies,

来源：

Economic Theory | 2007年 / 33卷

关键词：

General equilibrium; Imperfect competition; Price normalization; D43; D51;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

In general equilibrium models of imperfect competition the equilibria depend on how prices are normalized. This note shows that a price normalization preserves convexity properties if and only if prices are measured in terms of a fixed commodity bundle.

引用

页码：365 / 368

页数：3

共 7 条

[1]

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[2]

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[3]

Dierker E.(1972)Oligopoly "à la Cournot" in a general equilibrium analysis J. Econ. Theory 4 381-400

[4]

Grodal B.(1986)Market power, objectives of the firm, and objectives of shareholders J. Inst. Theor. Econ. 142 716-726

[5]

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[6]

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[7]

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