There is perfect competition in goods. Equipment is treated as numeraire. Producers are competitive. The markups are obtained via minimization of every consumer's net expenditure value keeping all strategic reserves fixed. A subset of consumers adjusts its net demand for factors.
Producers are competitive.
The markups are obtained via separate maximization for every consumer of his net expenditure value keeping all strategic consumption fixed. The markups are obtained via minimization of the net expenditure value of the coalition at fixed levels of strategic reserves. Transactions demand for money is a fixed fraction of consumer expenditure. All purchases are made at the beginning of the Hicksian week and financed through cash provided in limited quantity by a bank. A return function specifies the return on every particular asset in every state in period 2.