Aiginger, Karl; Pfaffermayr, Michael - In: Journal of Industrial Economics 45 (1997) 3, pp. 245-67
Welfare loss under oligopoly is defined as that part of consumer surplus which is lost and not regained by higher profits. In a model with asymmetric firms, this implies that the total welfare loss consists of the deadweight loss triangle plus a cost side inefficiency effect, due to the fact...