Monopolistic behaviors and general equilibrium: a generalization of Nikaido's work

Article Abstract:

A study has been conducted to investigate the some existence conditions os a general equilibrium with price-making firms and to extend the contribution of economist Hukukaine Nikaido by introducing more general production abilities and a random objective demand curve. It has been revealed that the introduction of a random objective demand curve based on a continuous selection in the set of all market clearing production levels weakens the restrictions required for the existence of an objective demand curve.

Econometrics & Model Building, Econometrics, Monopolies, Business models, Walrasian model, Demand functions (Economics), Demand functions

---

On monopolistic equilibria with incomplete markets: the case of an exchange economy

Article Abstract:

Achievement of monopolistic equilibrium proved to be possible under an exchange economy with incomplete markets and real assets. Consideration of assumption regarding quasi-concavity of the payoff functions were found to be useful in sustaining monopolistic equilibrium. Such assumption makes a boundary behavior and a regularity condition on the perceived demand the only requirements needed in achieving and maintaining monopolistic behavior.

---

The degree of indeterminacy of equilibria with incomplete markets

Article Abstract:

Real and nominal indeterminacy of financial equilibria do not exceed the deficiency in the financial market. Analysis of generic properties revealed that the dimension of financial equilibrium set tends to be proportional to financial market deficiency. In terms of initial endowments, a functional relationship was established between an economy parameter and financial equilibria.

Utility theory, Utility functions

Similar abstracts:

• Abstracts: General equilibrium analysis in ordered topological vector spaces. Production equilibria
• Abstracts: The transition from a Dreze equilibrium to a Walresian equilibrium. Equilibrium adjustment of disequilibrium prices
• Abstracts: On the existence and the structure of the pseudo-equilibrium manifold. Some consequences of the unknottedness of the Walrus correspondence

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.