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- Publisher Website: 10.3982/TE4515
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Article: Surplus sharing in Cournot oligopoly
Title | Surplus sharing in Cournot oligopoly |
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Authors | |
Keywords | Cournot D42 D43 monopoly |
Issue Date | 2022 |
Citation | Theoretical Economics, 2022, v. 17, n. 3, p. 955-975 How to Cite? |
Abstract | We characterize equilibria of oligopolistic markets where identical firms with constant marginal cost compete à la Cournot. For given maximal willingness to pay and maximal total demand, we first identify all combinations of equilibrium consumer surplus and industry profit that can arise from arbitrary demand functions. Then, as a further restriction, we fix the average willingness to pay above marginal cost (i.e., first-best surplus) and identify all possible triples of consumer surplus, industry profit, and deadweight loss. |
Persistent Identifier | http://hdl.handle.net/10722/329870 |
ISSN | 2023 Impact Factor: 1.2 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Condorelli, Daniele | - |
dc.contributor.author | Szentes, Balázs | - |
dc.date.accessioned | 2023-08-09T03:35:56Z | - |
dc.date.available | 2023-08-09T03:35:56Z | - |
dc.date.issued | 2022 | - |
dc.identifier.citation | Theoretical Economics, 2022, v. 17, n. 3, p. 955-975 | - |
dc.identifier.issn | 1933-6837 | - |
dc.identifier.uri | http://hdl.handle.net/10722/329870 | - |
dc.description.abstract | We characterize equilibria of oligopolistic markets where identical firms with constant marginal cost compete à la Cournot. For given maximal willingness to pay and maximal total demand, we first identify all combinations of equilibrium consumer surplus and industry profit that can arise from arbitrary demand functions. Then, as a further restriction, we fix the average willingness to pay above marginal cost (i.e., first-best surplus) and identify all possible triples of consumer surplus, industry profit, and deadweight loss. | - |
dc.language | eng | - |
dc.relation.ispartof | Theoretical Economics | - |
dc.subject | Cournot | - |
dc.subject | D42 | - |
dc.subject | D43 | - |
dc.subject | monopoly | - |
dc.title | Surplus sharing in Cournot oligopoly | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.3982/TE4515 | - |
dc.identifier.scopus | eid_2-s2.0-85135120835 | - |
dc.identifier.volume | 17 | - |
dc.identifier.issue | 3 | - |
dc.identifier.spage | 955 | - |
dc.identifier.epage | 975 | - |
dc.identifier.eissn | 1555-7561 | - |
dc.identifier.isi | WOS:000831019400004 | - |