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Herfindahl-Hirschman orentropy indices. This letter compares two Cournot oligopoly markets in which firms haveconstant unit costs …
Persistent link: https://www.econbiz.de/10009360867
We extend Bresnahan and Reiss’s (1991) model of local oligopoly to allow firm entry and exit over time.In our framework …
Persistent link: https://www.econbiz.de/10009360872
Our context involves Cournot oligopolists producing NM products at constant marginal costs when preferences are quasi-linear. We identify relationships between second moments of unit costs and second moments of firm-level production. For example, a larger variance in unit costs of a product...
Persistent link: https://www.econbiz.de/10009360878
In this study, we regard the oligopolistic-oligopsonistic markets within the framework of a“double auction” in which both buyers and sellers make bids. To this end, we introduce gameswhere declarations of supply and demand functions (which need not be true) are treated asstrategic variables...
Persistent link: https://www.econbiz.de/10009360795
Two firms compete on a sales market as well as in hiring labor. The duopolists'sales levels depend on their workforce. There are two each of two typesof workers, mobile and immobile, with differing effort costs. An immobileworker's eort costs are lower when he is employed by the local firm,...
Persistent link: https://www.econbiz.de/10005866634
On an otherwise symmetric oligopoly market with stochastic demands for heterogeneousproducts firms can either hire an …
Persistent link: https://www.econbiz.de/10005867008