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In a free-entry Cournot oligopoly model with a quadratic utility function that yields differentiated products, it is … consumer surplus is high. This result is in contrast with results from the free-entry Cournot oligopoly models with homogeneous …
Persistent link: https://www.econbiz.de/10011471748
This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...
Persistent link: https://www.econbiz.de/10003951516
This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...
Persistent link: https://www.econbiz.de/10010365845
Persistent link: https://www.econbiz.de/10014460706
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This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...
Persistent link: https://www.econbiz.de/10014218980
Persistent link: https://www.econbiz.de/10015071095