We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. The … demands across the firms. We first establish the existence of pure strategy subgame perfect equilibria (oligopoly equilibria … oligopoly equilibria of this game can be arbitrarily low. However, if the best oligopoly equilibrium is selected (among multiple …

from trade under Bertrand and Cournot oligopoly. Firms differentiate their products to mitigate competition, but only if …

We demonstrate how to estimate a model of product demand and oligopoly pricing when products are multi … informed by economic theory, we simultaneously estimate a demand system and price-cost margins for products differentiated in …

1980s. Subsequent literature for the most part kept imperfect competition but jettisoned oligopoly. Instead, as the …. The use of oligopoly in trade models has been criticized for reasons that we argue are unpersuasive. Renewed incorporation …

quota is quite restrictive. When there is a foreign duopoly or oligopoly and domestic competition it is shown that such … sales of licenses does not raise revenues unless they are quite restrictive. An oligopoly example is explored to study the …