The Strategic Industry Supply Curve

Flavio Menezes and John Quiggin

No 586, 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. Special cases include monopoly, Cournot and Bertrand oligopoly and competition in linear supply schedules. Our approach permits a unified treatment of monopoly, oligopoly and competi- tion, and 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: 2017-12-14
New Economics Papers: this item is included in nep-com, nep-ind and nep-mic
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https://economics.uq.edu.au/files/46275/586.pdf (application/pdf)

Related works:
Journal Article: The Strategic Industry Supply Curve (2020)
Working Paper: The Strategic Industry Supply Curve (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:qld:uq2004:586

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