The Nature of Costs and the Number of Firms at Cournot Equilibrium.
The paper analyzes the perfect equilibria of a two-stage entry/production game in a simple model with constant marginal costs, a fixed cost per firm, and Cournot behavior at the production stage. If fixed costs are not sunk, the range of equilibrium values for N, the number of firms, can be quite la...
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| Format: | Journal article |
| Language: | English |
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1989
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