A Note on the Bounded Solution of the Bilateral Monopoly Model
As is well known in the bilateral monopoly model, the solution regarding the price of the intermediate product cannot be determined uniquely. In this note, the author proposes a new solution that has narrower solution bound than that suggested by J. M. Henderson and R. E. Quandt (1971). Furthermore, these solutions are shown to be special cases of a generalized goal programming model with conflicting objectives between two monopolists. It was shown that with more information on taxes or preference weights, the solution range can be greatly improved.
Volume (Year): 17 (1991)
Issue (Month): 3 (Jul-Sep)
|Contact details of provider:|| Postal: c/o Dr. Alexandre Olbrecht, The Anisfield School of Business 205, Ramapo College, 505 Ramapo Valley Road, Ramapo, New Jersey 07430, USA|
Phone: (201) 684-7346
Web page: https://www.quinnipiac.edu/eea/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:17:y:1991:i:3:p:367-372. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson, College of the Holy Cross)
If references are entirely missing, you can add them using this form.