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