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Article
Cost arrangement and welfare in a multi-product Cournot oligopoly
Economics Working Papers (2002–2016)
  • Harvey E. Lapan, Iowa State University
  • David A. Hennessy, Iowa State University
Document Type
Working Paper
Publication Date
10-23-2004
Working Paper Number
WP #04027, October 2004; Old working paper #12207
Abstract
Welfare 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.
Disciplines
File Format
application/pdf
Length
11 pages
Citation Information
Harvey 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/