Mesnard, Louis de - Laboratoire d'Économie de Dijon (LEDI), Université de … - 2009
-uniform market shares are explained by the costs in Cournot competition which can be deduced from the observed market shares by … assuming that the costs are kept the same when switching from Cournot competition to any form of cartel. We deduced that market … conclusion, Cournot competition is the only arrangement that guarantees no losses to all operators. …