more firms. This is because oligopoly models typically imply that a larger number of firms generates stronger competition …

The liberalization policies in the eighties and in the nineties governed the transition to market competition in the …

Market competition may lead to mismatch between supply and demand. That is, overpricing maygive rise to underselling … necessarily improve fi rm payoff s. Capacity sharingsoftens price competition under either contracting scheme, whereas the optimal …' capacity is asymmetric, capacitysharing may intensify equilibrium competition and hurt firm profi tability through reversing …