Document Type

Working Paper

Publication Date

10-23-2004

Working Paper Number

WP #04027, October 2004; Old working paper #12207

Abstract

Welfare in a two-product Cournot oligopoly is shown to increase (decrease) with an increase in correlation between unit costs when the outputs complement (substitute) in demand. A more qualified correlation structure is required for the result to apply in a three-product Cournot oligopoly when products complement in demand.

JEL Classification

C60, D43

File Format

application/pdf

Length

11 pages

Included in

Economics Commons

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