All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

 
Ludovic Alexandre JULIEN
 
''External conjectural variations in symmetric oligopoly equilibrium''
( 2007, Vol. 4 No.44 )
 
 
In this paper, we introduce the concept of conjectural variations across sectors called "external conjectural variations" in a pure exchange economy. Three results are obtained. First, the symmetric oligopoly equilibrium coincides with the Cournot equilibrium when the conjectural variations are zero. Second, the symmetric oligopoly equilibrium coincides with the competitive equilibrium when the conjectural variations take the value of the competitive market equilibrium price. Third, the optimal strategies of agents between sectors are complements (substitutes) when the conjectural variation is negative (positive).
 
 
Keywords: External conjectural variations
JEL: D4 - Market Structure and Pricing: General
 
Manuscript Received : Nov 22 2007 Manuscript Accepted : Nov 27 2007

  This abstract has been downloaded 421 times                The Full PDF of this paper has been downloaded 87725 times