In this paper, we introduce the concept of conjectural variations across sectors called "external conjectural … Cournot equilibrium when the conjectural variations are zero. Second, the symmetric oligopoly equilibrium coincides with the … competitive equilibrium when the conjectural variations take the value of the competitive market equilibrium price. Third, the …

than one firm and for the existence of conjectural variations …

In this paper, we introduce the concept of conjectural variations across sectors called "external conjectural … Cournot equilibrium when the conjectural variations are zero. Second, the symmetric oligopoly equilibrium coincides with the … competitive equilibrium when the conjectural variations take the value of the competitive market equilibrium price. Third, the …

pricing strategies under the assumption of non-zero conjectural variations. The model captures the links between domestic and …’ conjectural variations. The empirical implications of the model are tested with the Johansen multivariate cointegration technique …

, collusion and conjectural variations. This identifies the conditions under which these different models are empirically …

, collusion and conjectural variations. This identifies the conditions under which these different models are empirically …

A conjectural variations model is developed to measure market power in the banking industry. Unlike previous studies …

, we use a conjectural variations approach as well as a direct approach to construct marginal costs of electricity …