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The Objective Demand Curve in General Equilibrium with Price Makers

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  • Benassy, Jean-Pascal

Abstract

Objective demand curves in general equilibrium with explicitly modeled price makers have been defined so far in a number of specific cases. This paper gives a general definition of such an objective demand curve. The associated general equilibrium concept is defined, and sufficient existence conditions are given. Copyright 1987 by Royal Economic Society.

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  • Benassy, Jean-Pascal, 1987. "The Objective Demand Curve in General Equilibrium with Price Makers," Economic Journal, Royal Economic Society, vol. 98(390), pages 37-49, Supplemen.
    • Handle: RePEc:ecj:econjl:v:98:y:1987:i:390:p:37-49
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    1. Jaskold Gabszewicz, Jean & Vial, Jean-Philippe, 1972. "Oligopoly "A la cournot" in a general equilibrium analysis," Journal of Economic Theory, Elsevier, vol. 4(3), pages 381-400, June.
    2. Jean-Pascal Benassy, 1975. "Neo-Keynesian Disequilibrium Theory in a Monetary Economy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 42(4), pages 503-523.
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    5. Schulz, Norbert, 1983. "On the Global Uniqueness of Fix-Price Equilibria," Econometrica, Econometric Society, vol. 51(1), pages 47-68, January.
    6. Weitzman, Martin L, 1985. "The Simple Macroeconomics of Profit Sharing," American Economic Review, American Economic Association, vol. 75(5), pages 937-953, December.
    7. Frank Hahn, 1978. "On Non-Walrasian Equilibria," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 45(1), pages 1-17.
    8. Benassy, Jean-Pascal, 1986. "On Competitive Market Mechanisms," Econometrica, Econometric Society, vol. 54(1), pages 95-108, January.
    9. Roberts, John & Sonnenschein, Hugo, 1977. "On the Foundations of the Theory of Monopolistic Competition," Econometrica, Econometric Society, vol. 45(1), pages 101-113, January.
    10. Jean-Pascal Benassy, 1976. "The Disequilibrium Approach to Monopolistic Price Setting and General Monopolistic Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 43(1), pages 69-81.
    11. Dehez, Pierre, 1985. "Monopolistic equilibrium and involuntary unemployment," Journal of Economic Theory, Elsevier, vol. 36(1), pages 160-165, June.
    12. Benassy, Jean-Pascal, 1987. "Imperfect competition, unemployment and policy," European Economic Review, Elsevier, vol. 31(1-2), pages 417-426.
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    1. Bénassy, Jean-Pascal, 1992. "Un modèle macroéconomique de chômage avec concurrence imparfaite et anticipations rationnelles," L'Actualité Economique, Société Canadienne de Science Economique, vol. 68(1), pages 23-42, mars et j.
    2. Lensberg, Terje, 1997. "Rational fix-price dynamics," European Economic Review, Elsevier, vol. 41(1), pages 163-186, January.
    3. Alfred Maußner, 1997. "Learning to believe in nonrational expectations that support pareto-superior outcomes," Journal of Economics, Springer, vol. 65(3), pages 235-256, October.
    4. Guerrien, Bernard, 1992. "Où en est le programme de recherche néo-classique?," L'Actualité Economique, Société Canadienne de Science Economique, vol. 68(4), pages 564-586, décembre.

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