Autore
Martin, Stephen

Titolo
Beyond prices versus quantities
Periodico
European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papers
Anno: 1993 - Fascicolo: 9 - Pagina iniziale: 1 - Pagina finale: 14

The reason structure-perform ance relationships are sensitive to the modelling of price or quantity as a decision variable is because of the consequences of the choice of decision variable for slope of the residual demand curve along which an individual firm maximizes profit. When one models profit maximization along a residual demand curve directly, important results of the literature on price-setting and quantity -setting firms (such as the impact of product differentiation on market efficiency or the private profitability of exogenous mergers) appear as special cases of more general results.



Testo completo: http://hdl.handle.net/1814/450

Esportazione dati in Refworks (solo per utenti abilitati)