Demand shifts and imperfect competition.
The effects of demand shifts on output, price and profits in imperfectly competitive industries with no entry or exit are derived. Four types of demand shift are modelled: additive and multiplicative shifts of the demand and inverse demand functions. Necessary and sufficient conditions for output, p...
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| Format: | Working paper |
| Language: | English |
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Department of Economics (University of Oxford)
2004
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