Ohkawa, Takao; Okamura, Makoto - In: Bulletin of Economic Research 55 (2003) 2, pp. 209-222
Under Cournot oligopoly with a homogeneous product, we present a sufficient condition that guarantees the uniqueness of the welfare-maximizing number of firms to attain the global maximum level of welfare by implementation of a piecemeal policy changing the number of firms gradually. We adopt...