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When analyzing a Cournot market with strictly convex costs dependent on a private information parameter, do we err more by ignoring market power or by ignoring the impact of incomplete information? Is the welfare loss at the market outcome driven by private information or by market power? The...
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-entry duopoly/oligopoly profits, the incumbent(s) may want to signal its weakness to invite entry of weaker firms …
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mechanism of this coordination is valuable for economic thinking and economic theory. However, the implications of the perfect … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has …
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