| Popis: |
In a pure exchange economy we propose a general equilibrium concept under imperfect competition, the ''Cournotian Monopolistic Competition. Equilibrium,'' and compare it to the Cournot-Walras and the Monopolistic Competition concepts. The advantage of the proposed concept is to require less computational ability from the agents. The comparison is made first through a simple example, then through a mon abstract concept, the P-equilibrium, based on a general notion of price coordination. (C) 1997 Academic Press. |
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