Competitive Equilibrium with Price Setting Firms and Stochastic Demand

DOI10.2307/2526357zbMATH Open0455.90007OpenAlexW2075473876MaRDI QIDQ3904331FDOQ3904331

Authors:

Publication date: 1980

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2526357

zbMATH Keywords

competitive equilibriumNash equilibriumstochastic demandmarket powermarket imperfectionsexistence of Nash equilibrianonexchange marketsprice dispersion in competitive marketsprice setting firms

Mathematics Subject Classification ID

Other game-theoretic models (91A40) Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50)

Cited In (2)

• A competitive inventory model with the customer's general choice probability
• Market-dependent preferences, positive and negative network effects and welfare

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