Cost Arrangement and Welfare in a Multi-Product Cournot Oligopoly

Welfare in a two-product Cournot oligopoly is shown to increase (decrease) with an increase in correlation between unit costs when the outputs complement (substitute) in demand. A more qualified correlation structure is required for the result to apply in a three-product Cournot oligopoly when products complement in demand.

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Year of publication:	2004-10-23
Authors:	Lapan, Harvey E. ; Hennessy, David A.
Institutions:	Department of Economics, Iowa State University
Subject:	complementarity \| arrangement increasing \| invariance

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Extent:	application/pdf
Series:	Staff General Research Papers.
Type of publication:	Book / Working Paper
Language:	English
Classification:	C60 - Mathematical Methods and Programming. General ; D43 - Oligopoly and Other Forms of Market Imperfection
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005087981