Data di Pubblicazione:
2014
Abstract:
We reconsider the recent work by Okuguchi on (possibly asymmetric) Cournotian firms with two production factors, one of them being inferior. It is shown there that an increase in the price of the inferior factor does raise equilibrium industry output. In addition of providing a simpler and more rigorous proof of such a result, we generalize it to the case of technologies with s ≥ 2 factors and allow some firms not to use the inferior one.
Tipologia CRIS:
1.1 Articolo in rivista
Keywords:
Inferior input; Cournotian firms; Oligopoly equilibrium.
Elenco autori:
Bertoletti, Paolo; von Mouche, P.
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