Faculty of Economics and Business Administration Publications Database

Cournot-Walras equilibrium without profit feedback

Authors:
Source:
Volume: 4
Pages: 1 - 8
ISSN-Print: 1545-2921
Link External Source: Online Version
Year: 2001
Abstract:

In this note we consider a general equilibrium model with oligopolistic competition between firms who ignore the feedback effect of their dividend payments on demand. The outcome of this competition coincides with the perfectly competitive equilibrium solution, provided that firms have identical production technologies.

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