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Purpose of the article: This paper focuses attention on regional price indices (RPI) that reach across regions, respectively Czech regions, and different levels. Methodology/methods: The article mainly analyses the relation between the RPI and the particular form of market structures at the...
Persistent link: https://www.econbiz.de/10012021990
Although Cournot's mathematical economics was generally neglected until the mid- 1870s, he was taken up and carefully studied by the Scientific Club of Cambridge, Massachusetts even before his "discovery" by Walras and Jevons. The episode is reconstructed from fragmentary manuscripts of the...
Persistent link: https://www.econbiz.de/10011707594
This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product … excess of 10 US$ trillions (against $3 trillions of profits). Oligopoly lowers total surplus by 11.5% and depresses consumer …
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We characterize equilibria of oligopolistic markets where identical firms with constant marginal cost compete à la Cournot. For given maximal willingness to pay and maximal total demand, we first identify all combinations of equilibrium consumer surplus and industry profit that can arise from...
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(somewhere between the endogenous oligopoly and monopoly prices). While oligopolies benefit consumers regardless of whether …
Persistent link: https://www.econbiz.de/10010498486