Strategic substitutes and complements in cournot oligopoly with product differentiation
Strategic substitutes and complements in cournot oligopoly with product differentiation
Author(s): Małgorzata KnauffSubject(s): Economy
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: Cournot oligopoly; product differentiation; strategic complements and substitutes
Summary/Abstract: We consider Cournot oligopoly with differentiated product. We develop respective sufficient conditions on the inverse demand and cost function that make the oligopoly a game of strategic substitutes when goods are substitutes and a game of strategic complementarities when goods are complements. The scope of this result is illustrated by examples. JEL classification: C72, L10, L13.
Journal: Metody Ilościowe w Badaniach Ekonomicznych
- Issue Year: XI/2010
- Issue No: 1
- Page Range: 199-211
- Page Count: 13
- Language: English
