Cost Arrangement and Welfare in a Multi-ProductCournot Oligopoly

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

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Year of publication:	2004-10-23
Authors:	Lapan, Harvey E. ; Hennessy, David A.
Institutions:	Iowa State University of Science and Technology <Ames, Iowa> / Department of Economics
Subject:	Komplementarität <Wirtschaft> \| Cournotsches Dyopol \| cournot \| Wohlfahrt \| Welfarism \| Invarianz \| invariance

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Extent:	158720 bytes 11 p. application/pdf
Series:	IOWA State University - Department of Economics - Working Papers Working Paper # 04027
Type of publication:	Book / Working Paper
Language:	English
Classification:	C6 - Mathematical Methods and Programming ; D43 - Oligopoly and Other Forms of Market Imperfection ; Specific management methods ; Terms and pricing policy ; Study of commerce ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10009360904