Title: Profit maximisation and alternatives in oligopolies
Abstract:This paper analyses oligopolies using the Cournot/Stackelberg framework, but allowing some firms to be pursueing aims other than profit maximisation. The existence of even a single output maximising f...This paper analyses oligopolies using the Cournot/Stackelberg framework, but allowing some firms to be pursueing aims other than profit maximisation. The existence of even a single output maximising firm can have dramatic effects on outputs, prices and welfare, even if such a firms faces additional costs.Read More
Publication Year: 2004
Publication Date: 2004-01-01
Language: en
Type: article
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Cited By Count: 1
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