Cost arrangement and welfare in a multi-product Cournot oligopolyEconomics Working Papers (2002–2016)
Document TypeWorking Paper
Working Paper NumberWP #04027, October 2004; Old working paper #12207
AbstractWelfare in a two-product Cournot oligopoly is shown to increase (decrease) with an increase in correlation between unit costs when the outputs complement (substitute) in demand. A more qualified correlation structure is required for the result to apply in a three-product Cournot oligopoly when products complement in demand.
Citation InformationHarvey E. Lapan and David A. Hennessy. "Cost arrangement and welfare in a multi-product Cournot oligopoly" (2004)
Available at: http://works.bepress.com/harvey-lapan/28/