Article
Oligopolistic and competitive behavior of spatially separated markets
Regional Science and Urban Economics
(1987)
Abstract
We examine the connection between Cournot oligopoly and perfect competition by showing that a fairly general oligopoly model with spatially separated markets generates a general spatial price equilibrium model as an extreme, limiting case. Our analysis depends crucially on the fact that the governing equilibrium conditions of both the oligopoly and the spatial price equilibrium problem can be formulated as variational inequalities.
Disciplines
Publication Date
1987
Citation Information
Anna Nagurney and Stella Dafermos. "Oligopolistic and competitive behavior of spatially separated markets" Regional Science and Urban Economics Vol. 17 Iss. 2 (1987) Available at: http://works.bepress.com/anna_nagurney/50/