Autore:
Georgantzis, Nikolaos Titolo:
Short-run and long-run Cournot equilibria in multiproduct industriesPeriodico:
European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papersAnno:
1994 - Fascicolo:
23 - Pagina iniziale:
1 - Pagina finale:
19A number of multiproduct firms participate in the markets for two
goods, competing to a number of single-product firms in each market. Although the joint production of cost substitutes is inefficient, participation in both markets yields, under a broad range of conditions, higher profits than participation in only one of them. Inefficient multiproduct firms may be contained in a long-run equilibrium configuration. If such configurations contain integer number of firms — instead of fractions of them — inefficient industry configurations are more likely to be sustained in the long run.
Testo completo:
http://hdl.handle.net/1814/502Esportazione dati in Refworks (solo per utenti abilitati)
Record salvabile in Zotero