Profit maximisation and alternatives in oligopolies
AbstractThis paper analyses oligopolies using the Cournot/Stackelberg framework, but allowing some firms to be pursueing aims other than profit maximisation. The existence of even a single output maximising firm can have dramatic effects on outputs, prices and welfare, even if such a firms faces additional costs.
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Bibliographic InfoPaper provided by EconWPA in its series Industrial Organization with number 0409003.
Length: 21 pages
Date of creation: 14 Sep 2004
Date of revision:
Note: Type of Document - pdf; pages: 21
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profit maximisation; oligopoly; non-profit organisations;
Find related papers by JEL classification:
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
- L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-09-30 (All new papers)
- NEP-COM-2004-09-30 (Industrial Competition)
- NEP-IND-2004-09-30 (Industrial Organization)
- NEP-MIC-2004-09-30 (Microeconomics)
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