On the profitability of production pertu
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Hassan Benchekroun; GΓ©rard Gaudet
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Article
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2003
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Elsevier Science
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English
β 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