Asymptotic Convergence to Competitive Equilibrium of Oligopoly Equilibria
14 Pages Posted: 13 Jan 2011
Date Written: December 7, 2010
Abstract
The purpose of this paper is to investigate the asymptotic behavior of oligopoly equilibrium in the framework of multilateral exchange when the economy is replicated a finite number of times and show that the sequence of associated price-allocation pair converges to the competitive equilibrium of the basic economy.
Keywords: oligopoly equilibrium, convergence, competitive equilibrium, multilateral exchange
JEL Classification: C72, D43
Suggested Citation: Suggested Citation
Lahiri, Somdeb, Asymptotic Convergence to Competitive Equilibrium of Oligopoly Equilibria (December 7, 2010). Available at SSRN: https://ssrn.com/abstract=1739486 or http://dx.doi.org/10.2139/ssrn.1739486
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