General equilibrium concepts under imperfect competition: a Cournotian approach

Article Abstract:

Cournotian Monopolistic Competition Equilibrium, a concept that needs less computational ability from the agents (firms), is actually based on three Cournot theories. Quantity-setting strategically influences the competitive price mechanism. Monopolistic competition theory holds that price is a strategic variable in competition. Non-cooperative game theory suggests that all agents behave strategically.

Analysis, Competition (Economics), Monopolistic competition

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Genericity analysis on the pseudo-equilibrium manifold

Article Abstract:

The pseudo-equilibrium manifold complements the disjointed union of a finite number of lower-dimensional smooth submanifolds. The context of the pseudo-equilibrium manifold, applied on a two-period exchange economy, offers similar properties as the Arrow-Debreu model and has a natural application to the expected stability of Walrasian equilibria.

Methods, Economic methods

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Rational equilibrium asset-pricing bubbles in continuous trading models

Article Abstract:

Rational equilibrium bubbles in the prices of assets are studied where agents trade continuously.

Portfolio Management, Economic aspects, Speculation

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