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来源类型 | FEEM working papers "Note di lavoro" series |
规范类型 | 论文 |
Market Formation in Bilateral Oligopolies | |
Francis Bloch; Hélène Ferrer | |
发表日期 | 1999 |
出处 | Climate Change and Sustainable Development |
出版年 | 1999 |
语种 | 英语 |
摘要 | This paper investigates the structure of bilateral oligopolies - a simple version of Shapley Shubik games with two types of traders and two commodities. It shows that interior equilibria exist, studies the example of CES utility functions to uncover the relation between the complementarity of products in the utility functions and the shape of the reaction functions of the traders, and proves that the number of trading posts is irrelevant. Even if traders can split their offers on different markets, they never choose to specialize and all equilibria are equivalent to an equilibrium where all agents trade on a single market. |
特色分类 | D43,L13 |
关键词 | Strategic market games,Trade agglomeration,Bilateral oligopolies,Market formation |
URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/market-formation-in-bilateral-oligopolies/ |
来源智库 | Fondazione Eni Enrico Mattei (Italy) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116451 |
推荐引用方式 GB/T 7714 | Francis Bloch,Hélène Ferrer. Market Formation in Bilateral Oligopolies. 1999. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
NDL1999-059.pdf(380KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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