Skip to main content
Article thumbnail
Location of Repository

Cournot-Walras equilibrium without profit feedback

By Leo Kaas


In this note we consider a general equilibrium model with oligopolistic competition between firms who ignore the feedback effect of their dividend payments on demand. The outcome of this competition coincides with the perfectly competitive equilibrium solution, provided that firms have identical production technologies.General equilibrium

OAI identifier:

Suggested articles


  1. (1974). General Equilibrium with Price–making Firms,
  2. (1985). Imperfect Competition in General Equilibrium: an Overview of Recent Work”
  3. (1995). Microeconomic Theory,
  4. (1987). Monopolistic Competition and the
  5. (1986). Non–Existence of Cournot–Walras Equilibrium in a General Equilibrium Model with Two Oligopolists”
  6. (1972). Oligopoly ‘´ a la Cournot’
  7. (1996). Profit Maximization and Imperfect Competition” in Economics in a Changing World by
  8. (1994). The Foundation of the Theory of

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.