G2TT
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
URLhttps://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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NDL1999-059.pdf(380KB)智库出版物 限制开放CC BY-NC-SA浏览
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