Perfectly competitive markets as the limits of Cournot markets

DOI10.1016/0022-0531(85)90062-6zbMath0553.90023OpenAlexW2003719594MaRDI QIDQ759624

William Novshek

Publication date: 1985

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(85)90062-6

zbMATH Keywords

Cournot equilibriumbounded) continuum of infinitesimal firmsCournot marketslimit marketperfectly competitive limitperfectly competitive, partial equilibrium marketsingle homogeneous good

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (6)

Standing on the toes of pygmies: ⋮ Industry dynamics: foundations for models with an infinite number of firms ⋮ Stable manifold market sequences ⋮ Quantity-setting games with a dominant firm ⋮ On the dominance solvability of large Cournot games ⋮ The efficiency of monopolistically competitive equilibria in large economies: Commodity differentiation with Gross substitutes

Cites Work

• Walrasian equilibria as limits of noncooperative equilibria. II: Pure strategies
• Walrasian equilibria as limits of noncooperative equilibria. I: Mixed strategies
• Cournot and Walras equilibrium
• Monopolistic Competition in a Large Economy with Differentiated Commodities
• On the Existence of Cournot Equilibrium
• Existence of Cournot Equilibrium in Large Markets
• Cournot Equilibrium with Free Entry
• Cournot Equilibrium with Free Entry: The Case of Decreasing Average Cost Functions

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