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In the Cournot-Walras general equilibrium model, there may be 'more to gain' by changing the numeraire than by eliminating imperfections: a two-good economy example

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  • Victor Ginsburgh

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  • Victor Ginsburgh, 1994. "In the Cournot-Walras general equilibrium model, there may be 'more to gain' by changing the numeraire than by eliminating imperfections: a two-good economy example," ULB Institutional Repository 2013/1885, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:ulb:ulbeco:2013/1885
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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. Cripps, M.W. & Myles, G.D., 1988. "General Equilibrium And Imperfect Competition: Profit Feedback Effects And Price Normalisations," The Warwick Economics Research Paper Series (TWERPS) 295, University of Warwick, Department of Economics.
    3. Harris, Richard, 1984. "Applied General Equilibrium Analysis of Small Open Economies with Scale Economies and Imperfect Competition," American Economic Review, American Economic Association, vol. 74(5), pages 1016-1032, December.
    4. Devarajan, Shantayanan & Rodrik, Dani, 1989. "Trade Liberalization in Developing Countries: Do Imperfect Competition and Scale Economies Matter?," American Economic Review, American Economic Association, vol. 79(2), pages 283-287, May.
    5. Gabszewicz, J. & Codognato, G., 1990. "Cournot, Cournot-Walras, and Walras equilibria in exchange economies : an example," LIDAM Discussion Papers CORE 1990047, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    6. Smith, Alasdair & Venables, Anthony J., 1988. "Completing the internal market in the European Community : Some industry simulations," European Economic Review, Elsevier, vol. 32(7), pages 1501-1525, September.
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    Cited by:

    1. Hoffmann, Anders N., 2003. "Imperfect competition in computable general equilibrium models -- a primer," Economic Modelling, Elsevier, vol. 20(1), pages 119-139, January.
    2. Dirk Willenbockel, 2005. "The Price Normalisation Problem in General Equilibriun Models with Oligopoly Power: An Attempt at Perspective," GE, Growth, Math methods 0505002, University Library of Munich, Germany.
    3. Chahreddine ABBES, 2009. "When Free Trade is Good for the Environment?," EcoMod2009 21500000, EcoMod.
    4. Mercenier, Jean, 1995. "Nonuniqueness of Solutions in Applied General Equilibrium Models with Scale Economies and Imperfect Competition," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(1), pages 161-177, June.
    5. Böhm, Volker, 2022. "The Role of Price Normalization in Imperfectly Competitive Economies," Center for Mathematical Economics Working Papers 673, Center for Mathematical Economics, Bielefeld University.
    6. José Azar & Xavier Vives, 2021. "General Equilibrium Oligopoly and Ownership Structure," Econometrica, Econometric Society, vol. 89(3), pages 999-1048, May.
    7. Willenbockel, Dirk, 2004. "Specification choice and robustness in CGE trade policy analysis with imperfect competition," Economic Modelling, Elsevier, vol. 21(6), pages 1065-1099, December.
    8. Mercenier, Jean, 1995. "Can "1992" reduce unemployment in Europe? On welfare and employment effects of Europe's move to a single market," Journal of Policy Modeling, Elsevier, vol. 17(1), pages 1-37, February.
    9. WILLENBOCKEL Dirk, 2010. "The Numeraire Problem in General Equilibrium Models with Market Power: Much Ado About Nothing?," EcoMod2003 330700152, EcoMod.
    10. Anushree Sinha, 2010. "Productivity of Indian Informal Workers," Journal of South Asian Development, , vol. 5(1), pages 15-52, April.
    11. Mark D. Partridge & Dan S. Rickman, 1998. "Regional Computable General Equilibrium Modeling: A Survey and Critical Appraisal," International Regional Science Review, , vol. 21(3), pages 205-248, December.

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