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We propose a general model of monopolistic competition and derive a complete characterization of the market equilibrium using the concept of Relative Love for Variety. When the RLV increases with individual consumption, the market generates pro-competitive effects. When it decreases, the market...
Persistent link: https://www.econbiz.de/10009025332
the higher toughness of the market, the entry of big firms leads them to sell more through a market expansion eect, which … oligopolistic firms because the procompetitive effect associated with the entry of a big rm dominates the resulting decrease in …
Persistent link: https://www.econbiz.de/10008502026
We investigate a linear state differential game describing an asymmetric Cournot duo- poly with capacity accumulation à la Ramsey and a negative environmental externality (pollution), in which one of the firms has adopted corporate social responsibility (CSR) in its statute, and therefore...
Persistent link: https://www.econbiz.de/10011095246