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Imperfect Competition In General Equilibrium

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Monopolistic Competition And General Equilibrium Theory

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Author : Robert Triffin
language : en
Publisher:
Release Date : 1962

Monopolistic Competition And General Equilibrium Theory written by Robert Triffin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1962 with Competencia categories.

Strategic Multilateral Exchange

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Author : Jean Jaskold Gabszewicz
language : en
Publisher: Edward Elgar Publishing
Release Date : 2002-01-01

Strategic Multilateral Exchange written by Jean Jaskold Gabszewicz and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-01 with Business & Economics categories.

'To non-economists, it is hard to understand why economists spend so much effort on the competitive model whereas the world seems to be replete with large and powerful economic actors. In this respect, Jean Gabszewicz is atypical: he has spent most of his research time working on imperfectly competitive markets. However, instead of restricting himself to partial equilibrium analyses, he has tackled from the outset the problem of imperfect competition in a system of interrelated markets with the aim of studying how market power is spread throughout the whole system. This is one of the most challenging and fascinating tasks that economists face. But this is also a very hard one, and may explain why so few have tried. This book builds on the seminal contributions of Cournot and Edgeworth and does not intend to provide a full-fledged answer to the many questions raised by the general theory of imperfect competition. However, by presenting in a transparent way most of the problems that lie at the roots of imperfect competition in general equilibrium and by proposing various elegant solutions, it paves the way to any future research in the field. No doubt it will become a basic reference in the long run. The economics profession should thank Jean Gabszewicz for a fresh and daring way of looking at market power.' - Jacques Thisse, Université Catholique de Louvain, Belgium and École Nationale des Ponts et Chaussées, France Jean Gabszewicz's new book is devoted to the study of strategic multilateral exchange. Contrary to the classical competitive paradigm in which agents are assumed to behave as price takers, here traders are allowed to consciously behave as strategic agents who aim to influence trade to their own advantage. This is usually done in oligopoly theory using a partial equilibrium approach while in this case a system of interrelated markets is considered.

Dynamic General Equilibrium Models With Imperfectly Competitive Product Markets

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Author : Julio Rotemberg
language : en
Publisher: Forgotten Books
Release Date : 2015-07-23

Dynamic General Equilibrium Models With Imperfectly Competitive Product Markets written by Julio Rotemberg and has been published by Forgotten Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-07-23 with Business & Economics categories.

Excerpt from Dynamic General Equilibrium Models With Imperfectly Competitive Product Markets This paper discusses the consequences of introducing imperfectly competitive product into an otherwise standard neoclassical growth model. We pay particular attention to the consequences of imperfect competition for the explanation of fluctuations in aggregate economic activity. Market structures considered include monopolistic competition, the "customer market" model of Phelps and Winter, and the implicit collusion model of Rotemberg and Saloner. Empirical evidence relevant to the numerical calibration on imperfectly competitive models is reviewed. The paper then analyzes the effects of imperfect competition upon the economy's response to several kinds of real shocks, including technology shocks, shocks to the level of government purchases, and shocks that change individual producers' degree of market power. It also discusses the role of imperfect competition in allowing for fluctuations due solely to self-fulfilling expectations. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Dynamic General Equilibrium Models With Imperfectly Competitive Product Markets Classic Reprint

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Author : Julio Rotemberg
language : en
Publisher: Forgotten Books
Release Date : 2018-01-02

Dynamic General Equilibrium Models With Imperfectly Competitive Product Markets Classic Reprint written by Julio Rotemberg and has been published by Forgotten Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-02 with Business & Economics categories.

Dynamic General Equilibrium Models With Imperfectly Competitive Product Markets

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Author : Julio Rotemberg
language : en
Publisher:
Release Date : 1993

Dynamic General Equilibrium Models With Imperfectly Competitive Product Markets written by Julio Rotemberg and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Competition categories.

This paper discusses the consequences of introducing imperfectly competitive product markets into an otherwise standard neoclassical growth model. We pay particular attention to the consequences of imperfect competition for the explanation of fluctuations in aggregate economic activity. Market structures considered include monopolistic competition, the 'customer market' model of Phelps and Winter, and the implicit collusion model of Rotemberg and Saloner. Empirical evidence relevant to the numerical calibration of imperfectly competitive models is reviewed. The paper then analyzes the effects of imperfect competition upon the economy's response to several kinds of real shocks, including technology shocks, shocks to the level of government purchases, and shocks that change individual producers' degree of market power. It also discusses the role of imperfect competition in allowing for fluctuations due solely to self-fulfilling expectations.

Applied General Equilibrium Modelling

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Author : Dirk Willenbockel
language : en
Publisher:
Release Date : 1994-11-29

Applied General Equilibrium Modelling written by Dirk Willenbockel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-11-29 with Business & Economics categories.

Provides a step-by-step introduction to applied general equilibrium modelling of trade policy reforms and regional economic integration initiatives. Includes a detailed description of a contemporary practical application to assess the economic consequences of the single European Market.