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Miscalculations of Monopoly and Oligopoly Welfare Losses with Linear Demand

Author

Listed:
  • McHardy, J.P.

Abstract

This paper extends a model of symmetric oligopoly with linear demand and constant long-run marginal costs to include more general forms of demand and examines the effects of non-linearity upon dead-weight welfare losses at the monopoly and oligopoly outcomes.

Suggested Citation

  • McHardy, J.P., 2000. "Miscalculations of Monopoly and Oligopoly Welfare Losses with Linear Demand," Papers 274, Universite de Nantes - Economie Internationale et de l'Entreprise.
    • Handle: RePEc:fth:nantie:274
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    Citations

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    Cited by:

    1. Corchón Luis Carlos & Zudenkova Galina, 2013. "The Welfare Effects of Location and Quality in Oligopoly," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 13(2), pages 1143-1178, July.
    2. Marcos, Félix, 2011. "Price regulation in oligopolistic markets," UC3M Working papers. Economics 13443, Universidad Carlos III de Madrid. Departamento de Economía.
    3. Marcos, Félix, 2010. "Price regulation in oligopoly," UC3M Working papers. Economics we100101, Universidad Carlos III de Madrid. Departamento de Economía.
    4. Corchón, Luis C., 2008. "Welfare losses under Cournot competition," International Journal of Industrial Organization, Elsevier, vol. 26(5), pages 1120-1131, September.
    5. Corchón, Luis C. & Zudenkova, Galina, 2009. "Computing welfare losses from data under imperfect competition with heterogeneous goods," International Journal of Industrial Organization, Elsevier, vol. 27(6), pages 646-654, November.

    More about this item

    Keywords

    LINEAR MODELS ; OLIGOPOLIES ; MONOPOLIES ; SOCIAL WELFARE;
    All these keywords.

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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