On the properties of linear supply functions in oligopoly

Flavio Delbono and Luca Lambertini ()

Economics Letters, 2015, vol. 136, issue C, 22-24

Abstract: In this note we revisit the result by Menezes and Quiggin (2012), showing that under linear supply function competition, the same Nash equilibrium results when firms choose slopes or intercepts of their supply functions. This is because the first order conditions emerging in the two strategy spaces are not linearly independent.

Keywords: Supply function; Linear independence; Residual demand (search for similar items in EconPapers)
JEL-codes: D43 L13 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (11)

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Working Paper: On the properties of linear supply functions in oligopoly (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:136:y:2015:i:c:p:22-24

DOI: 10.1016/j.econlet.2015.08.027

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