The Econometric SocietyEconometrica: Mar 1983, Volume 51, Issue 2
The Nonexistence of a Free Entry Cournot Equilibrium in Labor-Managed Economies
https://doi.org/0012-9682(198303)51:2<455:TNOAFE>2.0.CO;2-S
p.
455-462
J. J. Laffont, M. Moreaux
An example is given of a sequence of labor managed economies with decreasing efficiency sizes for which a free entry Cournot equilibrium fails to exist.Log In To View Full Content