Chang, Yang-Ming; Tremblay, Victor - In: Applied Economics Letters 1 (1994) 1, pp. 8-11
In this note we develop a consistent conjectural variation model that generalizes Bresnahan's (1981) results to a duopoly-duopsony setting. This is the first duopsony model in which firms are constrained to have consistent conjectural variations, and two interesting results emerge. First,...
