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Egbert Dierker, Hildegard Dierker, General Equilibrium with Imperfect Competition, Journal of the European Economic Association, Volume 4, Issue 2-3, 1 May 2006, Pages 436–445, https://doi.org/10.1162/jeea.2006.4.2-3.436
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Abstract
The objective of a firm is not well-defined if firms have market power. We present an example of Cournot-Walras competition in order to shed light on this problem and to motivate the concept of real wealth maximization that B. Grodal and E. Dierker have proposed as the firm's objective.
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© 2006 by the European Economic Association
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