Successive oligopolies and decreasing returns

Jean Gabszewicz () and Skerdilajda Zanaj ()

No 2008050, CORE Discussion Papers from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: In this paper, we propose an example of successive oligopolies where the downstream firms share the same decreasing returns technology of the Cobb-Douglas type. We stress the differences between the conclusions obtained under this assumption and those resulting from the traditional example considered in the literature, namely, a constant returns technology.

Keywords: successive oligopolies; vertical integration; technology. (search for similar items in EconPapers)
JEL-codes: D43 L1 L22 L42 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-com and nep-ind
Date: 2008-08-01

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Related works:
Working Paper: Successive oligopolies and decreasing returns (2008)
Working Paper: Successive oligopolies and decreasing returns (2008)
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Persistent link: http://EconPapers.repec.org/RePEc:cor:louvco:2008050

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