Cournot-Walras equilibria in markets with a continuum of traders |
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Authors: | Giulio Codognato Jean J. Gabszewicz |
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Affiliation: | (1) CORE, Université Catholique de Louvain, 34 Voie du Roman Pays, B-1348 Louvain-La-Neuve, Belgium |
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Abstract: | Summary In a model with a nonatomic continuum of traders some of which behave strategically while the others remain price-takers, the set of Cournot-Walras equilibria coincides with the set of Walras equilibria. This property is no longer valid when the strategic agents are represented by atoms.It is a pleasure to acknowledge the stimulating discussions we had with R. Amir about the question examined in the present work. |
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