Competition between Multiproduct Firms with Heterogeneous
DOI:
https://doi.org/10.14738/assrj.27.1215Abstract
This paper draws upon Feenstra and Ma (2007, 2008), to develop a model of asymmetric competition between multiproduct firms. The model is used to analyze how cost asymmetry affects the equilibrium, with determination of quantity/price as well as product scope per firm. By treating the number of firms as a continuous variable, the model is extended to account for the endogenous determination of the number of firms in a long-run, monopolistically competitive equilibrium, with free entry by heterogeneous firms.
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Published
2015-07-27
How to Cite
Roson, R. (2015). Competition between Multiproduct Firms with Heterogeneous. Advances in Social Sciences Research Journal, 2(7). https://doi.org/10.14738/assrj.27.1215
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