Monday, February 9, 2015
Rationalizability and Efficiency in an Asymmetric Cournot Oligopoly
Gabriel Desgranges (THEMA) and Stephane Gauthier (CES) examine Rationalizability and Efficiency in an Asymmetric Cournot Oligopoly. ABSTRACT: We study rationalizable solutions in a linear asymmetric Cournot oligopoly. We show that symmetry across firms favors multiplicity of rationalizable solutions: A merger...
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