Welfare Losses Under Alternative Oligopoly Regimes: The U.S. Food and Tobacco Manufacturing Industries
نویسندگان
چکیده
منابع مشابه
Welfare losses under Cournot competition
In a market for a homogeneous good where firms are identical, compete in quantities and produce with constant returns, the percentage of welfare losses (PWL) is small with as few as five competitors for a class of demand functions which includes linear and isoelastic cases. We study markets with positive fixed costs and asymmetric firms. We provide exact formulae of PWL and robust constructions...
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ژورنال
عنوان ژورنال: Journal of Agricultural and Applied Economics
سال: 1995
ISSN: 1074-0708,2056-7405
DOI: 10.1017/s1074070800028601