A Note on the Bounded Solution of the Bilateral Monopoly Model

Chin Yang
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Chin Yang: Clarion University

Eastern Economic Journal, 1991, vol. 17, issue 3, 367-372

Abstract: As is well known in the bilateral monopoly model, the solution regarding the price of the intermediate product cannot be determined uniquely. In this note, the author proposes a new solution that has narrower solution bound than that suggested by J. M. Henderson and R. E. Quandt (1971). Furthermore, these solutions are shown to be special cases of a generalized goal programming model with conflicting objectives between two monopolists. It was shown that with more information on taxes or preference weights, the solution range can be greatly improved.

Keywords: Bilateral Monopoly; Monopolists; Monopoly (search for similar items in EconPapers)
JEL-codes: B31 O34 (search for similar items in EconPapers)
Date: 1991
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