Successive Oligopolies in a Pure Exchange Economy
9 Pages Posted: 3 Jun 2011
Date Written: February 23, 2011
Abstract
In this paper we show that a unique no-trivial equilibrium exists in a successive oligopoly with pure exchange. We also obtain some comparative static results concerning the entry and/or exit of whole-sellers and retailers in the market.
Keywords: whole-sellers, retailers, Cobb-Douglas utility, equilibrium, entry, exit
JEL Classification: D43
Suggested Citation: Suggested Citation
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