Multiplicity of Cournot equilibria and involuntary unemployment

Article Abstract:

Overlapping generations models with Cournot competition demonstrated the presence of a continuum of equilibria having pas the number of firms nears infinity, all the equilibria decrease to a small interval approximating to the full employment allocation. The multiplicity of these firms is caused partially by the different forecast functions that are conforming with perfect foresight but lead to dissimilar demand functions against which oligopolist want to make the most out of it.

Unemployment, Economics, Equilibrium (Economics)

---

Strategic market games with exchange rates

Article Abstract:

A model is developed to evaluate the use of strategic market games in studying price formation and redistribution of goods under exchange economy conditions. The model assumes that the number of goods is equal to the number of markets, signals in quantities are real and signals in money are not constrained. An economic system is developed wherein commodity money does not exist and fiat money use does not assume the possibility of debt.

Money, Distribution of goods, Distribution (Commerce)

---

Similar abstracts:

• Abstracts: The cyclical behavior of equilibrium unemployment and vacancies. Energy, the stock market, and the putty-clay investment model
• Abstracts: Capacity constraints and voluntary output cutback in dynamic Cournet competition. Equilibrium impact of value-at-risk regulation
• Abstracts: Conformity, replication of design and business niches. Experience and inventory management in double-auction markets
• Abstracts: On the generic efficiency of takeovers under incomplete information. Ideal structures of path independent choice functions
• Abstracts: A multisectoral general equilibrium model of Schumpeterian growth and fluctuations. Variance properties of Solow's productivity residual and their cyclical implications

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