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The Cournot model remains the most important and widely-applied theoretical model of strategic competition, and countless variations on the Cournot theme have been published in the economics literature. This working paper extends the development of the Cournot framework to incorporate a special...
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We consider a Cournot oligopoly market of firms possessing increasing returns to scale technologies (which may not be … ering to subsidize one firm an amount which depends on the output level of that firm and the market price. The firms bid for … a price equal to its average cost (iii) Every other firm willingly exit the market and (iv) Market price decreases …
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operators. The theoretical model shows that eliminating subsidies to the STE may induce a change in market structure and not …
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The link between trade among similar countries and personal distribution of income and wealth is explored, with heterogeneous savings rates among households (dynasties) being the source of inequality. The real effect of trade occurs through greater oligopolistic competition and scale economies....
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We provide an extensive and general investigation of the effects on industryperformance - profits, social welfare and price-cost margins - of exogenously changing the number of firms in Cournot markets. This includes an in-depth exploration of the well-known trade-off between competition and...
Persistent link: https://www.econbiz.de/10012729859
The anomalous inverse concentration-price relationship observed by some researchers in the newspaper market has been … supplied to readers and advertising space supplied to advertisers) is the main source of this anomaly. In a simple oligopoly …
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