Strategic Multilateral Exchange and Taxes

Gabszewicz, Jean Jaskold; Grazzini, Lisa

doi:10.1007/978-3-662-04623-4_8

Cited by 5 publications

(6 citation statements)

References 9 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…First, all the main features we want to emphasize are captured in this simple framework. Second, the problem of the normalization of prices does not arise here (Gabszewicz, 2002(Gabszewicz, , 2006. Third, despite the absence of production activities, one advantage of the present model over the partial equilibrium models is that the demand addressed to each trader is here made endogenous, which overcomes the lack of microfoundations that occurs in industrial organization.…”

Section: Introductionmentioning

confidence: 94%

From Imperfect to Perfect Competition: A Parametric Approach Through Conjectural Variations

Julien

2010

The Manchester School

View full text Add to dashboard Cite

This paper features perfect competition under a parametric approach. We consider conjectural variations in a pure exchange economy where strategic interactions hold. We show, through an example, that the conjectural general equilibrium can coincide with the competitive equilibrium, independently of a replication procedure or an asymptotic identification. Additionally, the competitive equilibrium is a locally consistent conjectural general equilibrium. Perfect competition is defined at equilibrium. Copyright � 2010 The Author. The Manchester School � 2010 Blackwell Publishing Ltd and The University of Manchester.

show abstract

Section: Introductionmentioning

confidence: 94%

From Imperfect to Perfect Competition: A Parametric Approach Through Conjectural Variations

Julien

2010

The Manchester School

View full text Add to dashboard Cite

show abstract

“…Admittedly, the issues concerning existence and uniqueness of such Nash equilibrium are intricate. For discussion of these issues see [8], [10].…”

Section: Motivationmentioning

confidence: 99%

Slopes of shadow prices and Lagrange multipliers

Flåm

Jongen

Stein

2007

Optimization Letters

View full text Add to dashboard Cite

Many economic models and optimization problems generate (endogenous) shadow prices -alias dual variables or Lagrange multipliers. Frequently the "slopes" of resulting price curves -that is, multiplier derivatives -are of great interest. These objects relate to the Jacobian of the optimality conditions. That particular matrix often has block structure. So, we derive explicit formulas for the inverse of such matrices and, as a consequence, for the multiplier derivatives.

show abstract

“…We will consider first two taxation mechanisms: an ad valorem tax on emissions, and a per unit tax on the supplies when strategic exchange takes place. Taxation mechanisms have been studied in pure exchange bilateral oligopolies under the assumption of Cournot competition by Gabszewicz and Grazzini (1999, 2001), Grazzini (2006), and Elegbede et al. (2022).…”

Section: Introductionmentioning

confidence: 99%

“…Gabszewicz and Grazzini (2001) study three kinds of fiscal policies with transfers: taxing trade and endowments by sub-…”

mentioning

confidence: 99%

Pollution in strategic multilateral exchange: Taxing emissions or trading on permit markets?

Julien

Kabre

Mesnard

2022

Bulletin of Econ Res

View full text Add to dashboard Cite

We introduce polluting emissions in a sequential noncooperative oligopoly model of bilateral exchange. In one sector, a leader and a follower use polluting technologies which create negative externalities on the payoffs of strategic traders who belong to the other sector. By modeling emissions as a negative externality, we show that the leader pollutes more (less) than the follower when strategies are substitutes (complements). Then, we consider the implementation of public policies to control the levels of emissions, namely, two taxation mechanisms and a permit market. We study the effects of these public policies. Moreover, we determine the conditions under which these public policies can implement a Pareto‐improving allocation.

show abstract

Strategic Multilateral Exchange and Taxes

Abstract: The use of general descriptive names. registered names. trademarks. etc. in this publication does noi imply. even in the absence of a specific statement. that such names are exempt from the relevant protective laws and reguIations and therefore free for general use.

Cited by 5 publications

References 9 publications

From Imperfect to Perfect Competition: A Parametric Approach Through Conjectural Variations

From Imperfect to Perfect Competition: A Parametric Approach Through Conjectural Variations

Slopes of shadow prices and Lagrange multipliers

Pollution in strategic multilateral exchange: Taxing emissions or trading on permit markets?

Contact Info

Product

Resources

About