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Noncooperative Oligopoly in Markets with a Continuum of Traders: A Limit Theorem µa la Cournot
(University of Glasgow, 2014)
In this paper, we consider an exchange economy µa la Shitovitz (1973), with atoms and an atomless set. We associate with it a strategic market game of the kind first proposed by Lloyd S. Shapley and known as the Shapley ...
Atomic Cournotian Traders May Be Walrasian.
(University of Glasgow, 2014-09)
In a bilateral oligopoly, with large traders, represented as atoms, and small traders, represented by an atomless part, when is there a non-empty intersection between the sets of Walras and Cournot-Nash allocations? Using ...