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We study cartel stability in a differentiated price-setting duopoly with returns to scale. We show that a cartel may be …
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We study cartel stability in a differentiated price-setting duopoly with returns to scale. We show that a cartel may be …
Persistent link: https://www.econbiz.de/10010289474
This paper develops an oligopoly model with firms that may potentially be public or private, and solves it for different cases in which the number and ownership of those firms vary. The results are then compared in terms of total surplus and consumer surplus, and this comparison produces...
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