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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. Frank Hahn, 1978. "On Non-Walrasian Equilibria," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 45(1), pages 1-17.
    3. Benassy, Jean-Pascal, 1986. "On Competitive Market Mechanisms," Econometrica, Econometric Society, vol. 54(1), pages 95-108, January.
    4. Roberts, John & Sonnenschein, Hugo, 1977. "On the Foundations of the Theory of Monopolistic Competition," Econometrica, Econometric Society, vol. 45(1), pages 101-113, January.
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    6. Schulz, Norbert, 1983. "On the Global Uniqueness of Fix-Price Equilibria," Econometrica, Econometric Society, vol. 51(1), pages 47-68, January.
    7. 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.
    8. 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.
    9. Dreze, Jacques H, 1975. "Existence of an Exchange Equilibrium under Price Rigidities," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 16(2), pages 301-320, June.
    10. Takashi Negishi, 1961. "Monopolistic Competition and General Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 28(3), pages 196-201.
    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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    Cited by:

    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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