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Resource Dynamics under Partial Cooperation in an Oligopoly

✍ Scribed by M. Kopel; F. Szidarovszky


Book ID
106432653
Publisher
Springer
Year
2006
Tongue
English
Weight
253 KB
Volume
128
Category
Article
ISSN
0022-3239

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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