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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
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