| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5055471 | Economic Modelling | 2011 | 10 Pages |
Abstract
⺠We model strategic interactions in a general equilibrium model with two sectors. ⺠The first embodies atoms who manipulate the price system, the second includes price-taking agents. ⺠Strategic interactions create underemployment equilibrium in the second sector. ⺠A tax levied on strategic supplies reduces market distortions. ⺠We also show that inefficiencies are more significant under monopolistic competition.
Keywords
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ludovic A. Julien,