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Duopoly: Value Where Sellers Are Few

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  • E. H. Chamberlin

Abstract

The problem stated and limited, 63. — The result when sellers consider only their direct influence upon price and adjust amounts (Cournot), 66. — The same when prices are adjusted (Bertrand, Marshall, Pareto, Edgeworth, Pigou), 69. — The result when sellers consider their total influence upon price, 83. — The factor of uncertainty as to what the other seller will do, 87. — The effects of '#|201C;friction," 89. — Summary, 91. Mathematical Appendix, 93. — Cournot, 93. — Pareto, 95. — Amoroso, 97. — Evans, 97> — Bowley, 98.

Suggested Citation

  • E. H. Chamberlin, 1929. "Duopoly: Value Where Sellers Are Few," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 44(1), pages 63-100.
    • Handle: RePEc:oup:qjecon:v:44:y:1929:i:1:p:63-100.
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    3. Fonseca, Miguel A. & Normann, Hans-Theo, 2012. "Explicit vs. tacit collusion—The impact of communication in oligopoly experiments," European Economic Review, Elsevier, vol. 56(8), pages 1759-1772.
    4. Leliefeld, D. & Motchenkova, E., 2007. "To Protect in Order to Serve : Adverse Effects of Leniency Programs in View of Industry Asymmetry," Discussion Paper 2007-007, Tilburg University, Tilburg Law and Economic Center.
    5. Bornstein, Gary & Kugler, Tamar & Budescu, David V. & Selten, Reinhard, 2008. "Repeated price competition between individuals and between teams," Journal of Economic Behavior & Organization, Elsevier, vol. 66(3-4), pages 808-821, June.
    6. Davies, Stephen & Olczak, Matthew & Coles, Heather, 2011. "Tacit collusion, firm asymmetries and numbers: Evidence from EC merger cases," International Journal of Industrial Organization, Elsevier, vol. 29(2), pages 221-231, March.
    7. Zhiqi Chen & Thomas Ross, 2007. "Markets Linked by Rising Marginal Costs: Implications for Multimarket Contact, Recoupment, and Retaliatory Entry," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 31(1), pages 1-21, August.
    8. Granlund, David & Rudholm, Niklas, 2023. "Calculating the probability of collusion based on observed price patterns," Umeå Economic Studies 1014, Umeå University, Department of Economics, revised 13 Oct 2023.
    9. Stephen Davies & Matthew Olczak & Heather Coles, 2007. "Tacit collusion, firm asymmetries and numbers: evidence from EC merger cases," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2007-07, Centre for Competition Policy, University of East Anglia, Norwich, UK..
    10. Keil, Jan, 2017. "The trouble with approximating industry concentration from Compustat," Journal of Corporate Finance, Elsevier, vol. 45(C), pages 467-479.
    11. John Scott, 2009. "Competition in Research and Development: A Theory for Contradictory Predictions," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 34(2), pages 153-171, March.
    12. Henrik Orzen, 2008. "Counterintuitive number effects in experimental oligopolies," Experimental Economics, Springer;Economic Science Association, vol. 11(4), pages 390-401, December.
    13. Batlome Janjgava, 2013. "Free Entry and Social Efficiency under Unknown Demand Parameters," CERGE-EI Working Papers wp495, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    14. Alexandre Chirat, 2021. "The correspondence between Baumol and Galbraith (1957–1958) An unsuspected source of managerial theories of the firm," EconomiX Working Papers 2021-35, University of Paris Nanterre, EconomiX.
    15. Alexandre Chirat, 2021. "When Berle and Galbraith brought political economy back to life : Study of a cross-fertilization (1933-1967)," EconomiX Working Papers 2021-27, University of Paris Nanterre, EconomiX.
    16. Evgenia MOTCHENKOVA & Daniel LELIEFELD, 2010. "Adverse Effects Of Corporate Leniency Programs In View Of Industry Asymmetry," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 5(2(12)/Sum), pages 114-128.
    17. Vidyanand Choudhary, 2010. "Use of Pricing Schemes for Differentiating Information Goods," Information Systems Research, INFORMS, vol. 21(1), pages 78-92, March.
    18. Alexandre Chirat, 2020. "The correspondence between Baumol and Galbraith (1957–1958) - An unsuspected source of managerial theories of the firm," Working Papers 2020-07, CRESE.
    19. Farm, Ante, 2009. "Market Sharing and Price Leadership," Working Paper Series 3/2009, Stockholm University, Swedish Institute for Social Research.
    20. Rajeev K. Tyagi, 1999. "On the relationship between product substitutability and tacit collusion," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 20(6), pages 293-298.
    21. Fathollahi, Maryam & Harford, Jarrad & Klasa, Sandy, 2022. "Anticompetitive effects of horizontal acquisitions: The impact of within-industry product similarity," Journal of Financial Economics, Elsevier, vol. 144(2), pages 645-669.
    22. Lawrence J. White, 2020. "Antitrust Economics And Consumer Protection Economics In Policy And Litigation: Why The Disparity?," Economic Inquiry, Western Economic Association International, vol. 58(4), pages 1555-1564, October.
    23. Marcel Canoy & S. Onderstal, 2003. "Tight oligopolies: in search of proportionate remedies," CPB Document 29, CPB Netherlands Bureau for Economic Policy Analysis.
    24. Panayiotis Agisilaou, 2013. "Collusion in Industrial Economics and Optimally Designed Leniency Programmes - A Survey," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2013-03, Centre for Competition Policy, University of East Anglia, Norwich, UK..
    25. Baliga, Ashwin J. & Chawla, Vaibhav & Sunder M, Vijaya & Ganesh, L.S. & Sivakumaran, Bharadhwaj, 2021. "Service Failure and Recovery in B2B Markets – A Morphological Analysis," Journal of Business Research, Elsevier, vol. 131(C), pages 763-781.

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