The oligopoly solution concept is identified
1982; Elsevier BV; Volume: 10; Issue: 1-2 Linguagem: Inglês
10.1016/0165-1765(82)90121-5
ISSN1873-7374
Autores Tópico(s)Economic theories and models
ResumoOligopoly theory predicts that market price will be at least as high as the competitive price and no higher than the monopoly price. Particular oligopoly solution concepts offer more exact predictions, but it is difficult to know which solution concept holds in any real market. This paper shows that the oligopoly solution concept can be estimated econometrically.
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