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Comparative dynamics in a productive asset oligopoly

✍ Scribed by Hassan Benchekroun

Book ID
113707868
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
283 KB
Volume
138
Category
Article
ISSN
0022-0531

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✍ Hassan Benchekroun; GΓ©rard Gaudet πŸ“‚ Article πŸ“… 2003 πŸ› Elsevier Science 🌐 English βš– 154 KB

Static oligopoly analysis predicts that if a single ΓΏrm in Cournot equilibrium were to be forced to marginally contract its production, its proΓΏts would fall. On the other hand, if all the ΓΏrms were simultaneously forced to reduce their production, thus moving the industry towards monopoly output, e