Julien, Ludovic A.; Musy, Olivier; Saïdi, Aurélien W. - In: The Journal of Economic Education 45 (2014) 4, pp. 330-346
In this article, the authors investigate competitive firm behaviors in a two-firm environment assuming linear cost and demand functions. By introducing conjectural variations, they capture the different market structures as specific configurations of a more general model. Conjectural variations...