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Noncooperative oligopoly in economies with infinitely many commodities and traders

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Article
Author/s: 
Sayantan Ghosal, Simone Tonin
Elsevier Games and Economic Behavior
Publisher: 
Elsevier
Year: 
2018
In this paper, we extend the noncooperative analysis of multilateral oligopoly to exchange economies with infinitely many commodities and trader types where exchange is modelled using a strategic market game with commodity money and trading posts. We prove the existence of an “active” Cournot-Nash equilibrium and its convergence to a Walras equilibrium when the economy is replicated.
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