Correction to: An introduction to perfect and imperfect competition via bilateral oligopoly
نویسندگان
چکیده
منابع مشابه
An Introduction to Imperfect Competition via Bilateral Oligopoly
“It seems impossible to go on with analysing markets under the assumption of perfect competition. Direct observation of economic activity reveals that markets are the fields of “giants”, operating simultaneously with a fringe of small competitors. Even partial analysis has taken this picture of the market when proposing oligopoly solutions to describe the outcomes of imperfectly competitive mar...
متن کاملPerfect competition in an oligopoly ( including bilateral
We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. In particular, Nash equilibria are Walrasian even in a bilateral monopoly.
متن کاملPerfect competition in an oligopoly (including bilateral monopoly)
We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. In particular, Nash equilibria are Walrasian even in a bilateral monopoly.
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This paper analyzes features of perfect taxation – also known as optimal taxation – when one or more private markets is imperfectly competitive. Governments with perfect information and access to lump-sum taxes can provide corrective subsidies that render outcomes efficient in the presence of imperfect competition. Relaxing either of these two conditions removes the government’s ability to supp...
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ژورنال
عنوان ژورنال: Journal of Economics
سال: 2022
ISSN: ['2617-5800']
DOI: https://doi.org/10.1007/s00712-022-00805-8