The Strategic Industry Supply Curve

Flavio Menezes and John Quiggin

No 584, Discussion Papers Series from University of Queensland, School of Economics

Abstract: In this paper we develop the concept of the strategic industry supply curve, representing the locus of Nash equilibrium outputs and prices arising from additive shocks to demand. We show that the standard analysis of partial equilibrium under perfect competition, including the graphical representa- tion of supply and demand due to Marshall, can be extended to encompass imperfectly competitive markets, including monopoly, Cournot and Bertrand oligopoly and competition in linear supply schedules. We then derive a uni- fied theory of cost pass-through and show that it satisfies the five principles of incidence set out by Weyl and Fabinger (2013).

Keywords: industry supply; cost pass-through; oligopoly (search for similar items in EconPapers)
JEL-codes: D4 L1 (search for similar items in EconPapers)
Date: 2017-08-04
New Economics Papers: this item is included in nep-com, nep-ind, nep-mic and nep-ore
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://economics.uq.edu.au/files/46265/584.pdf (application/pdf)

Related works:
Journal Article: The Strategic Industry Supply Curve (2020)
Working Paper: The Strategic Industry Supply Curve (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:qld:uq2004:584

Access Statistics for this paper

More papers in Discussion Papers Series from University of Queensland, School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by SOE IT ().