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Market Price Mechanisms and Stackelberg General Equilibria

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  • Ludovic A. Julien

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • Fabrice Tricou

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper considers Stackelberg competition in a general equilibrium framework with production. The working of market power and the confi...gurations of strategic interactions are complexi...ed by the presence of an active leader. Two market price mechanisms are here studied: one is associated with the Stackelberg-Walras equilibrium, the other is linked to the Stackelberg-Cournot equilibrium. In the context of an exchange economy with a production sector, several results are obtained about equilibria mergings and about welfare comparisons.

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  • Ludovic A. Julien & Fabrice Tricou, 2008. "Market Price Mechanisms and Stackelberg General Equilibria," Working Papers hal-04140726, HAL.
    • Handle: RePEc:hal:wpaper:hal-04140726
    Note: View the original document on HAL open archive server: https://hal.science/hal-04140726
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