In this paper, we show that, in markets with a continuum of traders and atoms, the set of Cournot-Walras equilibria and the set of Cournot equilibria may be disjoint. We show also that, when the ...

Countries that are forerunners in electricity market liberalization have encountered the problem of how to deal with market power of electricity suppliers. How to ensure competition in the electricity ...

This note investigates a Stackelberg—Nash competition model. We determine the conditions under which the leaders may achieve better profits than the followers when all firms compete on quantity in a ...