Profit maximisation and alternatives in oligopolies

Alexander Daniel Klemm

Industrial Organization from EconWPA

Abstract: This paper analyses oligopolies using the Cournot/Stackelberg framework, but allowing some firms to be pursueing aims other than profit maximisation. The existence of even a single output maximising firm can have dramatic effects on outputs, prices and welfare, even if such a firms faces additional costs.

Keywords: profit maximisation; oligopoly; non-profit organisations (search for similar items in EconPapers)
JEL-codes: L13 L21 L31 D43 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-ind and nep-mic
Date: 2004-09-14
Note: Type of Document - pdf; pages: 21

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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpio:0409003

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