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Leo Kaas
''Cournot-Walras equilibrium without profit feedback''
( 2001, Vol. 4 No.9 )
In this note we consider a general equilibrium model with oligopolistic competition between firms who ignore the feedback effect of their dividend payments on demand. The outcome of this competition coincides with the perfectly competitive equilibrium solution, provided that firms have identical production technologies.
Keywords: General equilibrium
JEL: D5 - General Equilibrium and Disequilibrium: General
D4 - Market Structure and Pricing: General
Manuscript Received : Aug 27 2001 Manuscript Accepted : Aug 28 2001

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