Book Series
Theories of the Firm
Fifth Edition
Demetri Kantarelis

Appendix VI: Captive and common markets without price discrimination

PagesContents
313-321In this paper, a static Bertrand-type multi-market, oligopoly model is presented to show that in the absence of price discrimination, the industry's equilibrium price increases with the number of competitors if that number is kept constant in at least one market.
1 Introduction
2 Literature review
3 The model's theoretical environment
4 The model
5 Summary and conclusions
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