Partisan competition authorities, Cournot‐oligopoly, and endogenous market structure.
The so‐called excess‐entry theorem establishes conditions guaranteeing that more firms enter a homogeneous Cournot‐oligopoly in equilibrium than a benevolent government prefers. We generalize the approach and analyze the behavior of a competition authority, which attaches different weights to the fi...
| Published in: | Southern Economic Journal Vol. 89; no. 1; pp. 238 - 271 |
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| Format: | Article |
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Wiley-Blackwell
Jul2022
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| Online Access: | View this record in EBSCOhost |