학술저널
Structurally Stable Nash Equilibria in Pure Strategies for a Model of Monopolistic Competition
- 서울대학교 경제연구소
- Seoul Journal of Economics
- Seoul Journal of Economics Volume 14 No.4
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2001.121 - 20 (19 pages)
- 0
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A model of monopolistically competitive industry is formulated using the theory of large games. We show that an equilibrium exists for the game and that equilibrium correspondence is upper hemi-continuous. The model's implications are discussed, especially on existence and characteristics of structurally stable equilibria and on the relationship to Kumar and Satterthwaite's (1985) model.
Abstract
Ⅰ. Introduction
Ⅱ. Model and Existence Results
Ⅲ. Continuity of Equilibrium Correspondence
Ⅳ. Discussion and Concluding Remarks
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