Codognato, G.
In this paper, we show that, in markets with a continuum of traders and atoms, the set of Cournot-Walras equilibria and the set of Cournot equilibria may be disjoint. We show also that, when the preferences of the traders are represented by Cobb-Douglas utility functions, the set of Cournot-Walras equilibria and the set of Cournot equilibria have a nonempty intersection.
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Bibliographic reference |
Codognato, G.. Cournot-walras and Cournot Equilibria in Mixed Markets - a Comparison. In: Economic Theory, Vol. 5, no. 2, p. 361-370 (1995) |
Permanent URL |
http://hdl.handle.net/2078.1/48430 |