SUFFICIENT CONDITIONS FOR THE NON-OPTIMALITY OF MONOPOLISTIC EQUILIBRIUM IN A PURE EXCHANGE ECONOMY
Eliawira N. Ndosi, Tatsuyoshi Saijo · Institutional Repositories DataBase (IRDB) · 1991
Consider a two commodity and two agent economy.Agent 1 is a price taker and agent 2 is a price setter.Barring the satisfaction of stringent conditions, it is possible for a monopolistic equilibrium allocation to be Pareto optimal.