In this paper, we reconstruct the main developments of the theory of noncooperative oligopoly in general equilibrium, by focusing on the analysis of three prototypical models for pure exchange economies: the model of Cournot-Walras equilibrium of Codognato and Gabszewicz (1991); the model of Cournot-Nash equilibrium originally proposed by Lloyd S. Shapley and known as window model; the model of Cournot-Walras equilibrium of Busetto et al. (2008). We establish, in a systematic way, the relationship between the three notions of equilibrium proposed in these models and the notion of Walras equilibrium. Then, we investigate the relationships among those three notions of equilibrium.
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Univ Udine, Dipartimento Sci Econ & Stat, Via Tomadini 30, I-33100 Udine, ItalyUniv Udine, Dipartimento Sci Econ & Stat, Via Tomadini 30, I-33100 Udine, Italy
Busetto, Francesca
Codognato, Giulio
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Univ Udine, Dipartimento Sci Econ & Stat, Via Tomadini 30, I-33100 Udine, Italy
Univ Paris Nanterre, EconomiX, 200 Ave Republ, F-92001 Nanterre, FranceUniv Udine, Dipartimento Sci Econ & Stat, Via Tomadini 30, I-33100 Udine, Italy
Codognato, Giulio
Ghosal, Sayantan
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Univ Glasgow, Adam Smith Business Sch, Main Bldg, Glasgow G12 8QQ, Lanark, ScotlandUniv Udine, Dipartimento Sci Econ & Stat, Via Tomadini 30, I-33100 Udine, Italy
Ghosal, Sayantan
Julien, Ludovic
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Univ Paris Nanterre, EconomiX, 200 Ave Republ, F-92001 Nanterre, FranceUniv Udine, Dipartimento Sci Econ & Stat, Via Tomadini 30, I-33100 Udine, Italy
Julien, Ludovic
Tonin, Simone
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Univ Durham, Durham Business Sch, Durham DH1 3LB, EnglandUniv Udine, Dipartimento Sci Econ & Stat, Via Tomadini 30, I-33100 Udine, Italy