Successive oligopolies and decreasing returns

Jean Gabszewicz () and Skerdilajda Zanaj ()

CREA Discussion Paper Series from Center for Research in Economic Analysis, University of Luxembourg

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 the 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)
Date: 2008
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http://wwwfr.uni.lu/content/download/16893/214206/ ... easing%20returns.pdf (application/pdf)

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:luc:wpaper:08-02

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