N-firm oligopoly with general iso-elastic demand

Beard, R. (2013) N-firm oligopoly with general iso-elastic demand. Bulletin of Economic Research, 67(4), pp. 336-345. (doi: 10.1111/boer.12009)

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Abstract

In this note oligopoly with iso-elastic demand is analysed. Unlike previous studies we consider general iso-elastic demand rather than the case of unit elasticity. An n-firm Nash-Cournot equilibrium for the case of heterogeneous constant marginal costs is derived. The main result is a closed-form solution that shows the dependency of the equilibrium on the elasticity of demand and the share of industry costs. The result has applications to a wide range of areas in oligopoly theory by allowing comparisons across markets with different elasticities of demand.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Beard, Dr Rodney
Authors: Beard, R.
College/School:College of Medical Veterinary and Life Sciences > Institute of Biodiversity Animal Health and Comparative Medicine
Journal Name:Bulletin of Economic Research
Publisher:Wiley-Blackwell Publishing Ltd.
ISSN:0307-3378
ISSN (Online):1467-8586

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