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Consistent Comparative Statics For The Food Industries

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  • Holloway, Garth J.

Abstract

Consistent conjectures are derived in an oligopoly model with homogeneous products and I identical firms. The exercise uncovers two important findings: Absent entry, the monopolistic conjecture is the unique consistent conjecture. With endogenous entry, no consistent conjecture exists. These results provide foundations for deriving consistent comparative statics for the food industries.

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  • Holloway, Garth J., 1994. "Consistent Comparative Statics For The Food Industries," 1994 Annual Meeting, August 7-10, San Diego, California 271418, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea94:271418
    DOI: 10.22004/ag.econ.271418
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