When do imperfectly competitive firms maximize profits? The lessons from a simple general equilibrium model with shareholders' voting

DOI10.1016/J.JMATECO.2018.06.006zbMath1416.91259OpenAlexW2819495025MaRDI QIDQ1800961

Didier Laussel, Rim Lahmandi-Ayed

Publication date: 26 October 2018

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://hal-amu.archives-ouvertes.fr/hal-01991962/file/Laussel%2CLahmandi-Ayed_When%20do%20imperfectly%20competitive%20firms%20maximize%20profits_2018.pdf

zbMATH Keywords

general equilibriumprofit maximizationmajority votevertical preferences

Mathematics Subject Classification ID

Voting theory (91B12) General equilibrium theory (91B50)

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When do privatizations have popular support? A voting model ⋮ On the political economy of economic integration

Cites Work

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• The price normalization problem in imperfect competition and the objective of the firm
• Welfare Losses Due to Imperfect Competition: Asymptotic Results for Cournot Nash Equilibria with and without Free Entry
• THE CONCEPT OF GENERAL EQUILIBRIUM IN A MARKET ECONOMY WITH IMPERFECTLY COMPETITIVE PRODUCERS*

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