MIXED OLIGOPOLY WITH DIFFERENTIATED PRODUCTS

被引:151
作者
CREMER, H
MARCHAND, M
THISSE, JF
机构
[1] CATHOLIC UNIV LOUVAIN,IAG,B-1348 LOUVAIN,BELGIUM
[2] CATHOLIC UNIV LOUVAIN,CTR OPERAT RES & ECONOMETR,B-1348 LOUVAIN,BELGIUM
关键词
D O I
10.1016/0167-7187(91)90004-5
中图分类号
F [经济];
学科分类号
02 ;
摘要
The paper analyzes a mixed oligopoly with horizontal product differentiation. Firms choose their location and price in a model à la Hotelling with quadratic transport costs, and the solution-concept is a subgame perfect Nash equilibrium. This enables one to determine how the presence of one or several public firms competing with private ones affects social welfare and how the results depend on the total number of firms (n) and their relative positions. It is shown that is only for n=2 or n≧6 that a mixed oligopoly with one public firm is socially preferable to the private oligopoly. © 1991.
引用
收藏
页码:43 / 53
页数:11
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