Leader, Or Just Dominant? The Dominant-Firm Model Revisited
AbstractI revisit the dominant-firm model and discuss its implicit assumption of a sequential move structure. I argue that a simultaneous move structure is often more reasonable and derive an alternative formulation of the model based on this approach.
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Bibliographic InfoPaper provided by Oslo University, Department of Economics in its series Memorandum with number 15/2010.
Length: 24 pages
Date of creation: 03 Jan 2011
Date of revision:
Contact details of provider:
Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Phone: 22 85 51 27
Fax: 22 85 50 35
Web page: http://www.oekonomi.uio.no/indexe.html
More information through EDIRC
dominant…firm; monopoly with fringe; sequential moves;
Find related papers by JEL classification:
- D42 - Microeconomics - - Market Structure and Pricing - - - Monopoly
- L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
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773, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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