Interpreting Markups in Spanish Manufacturing: The Exponential Model

Luis Corchon and Lourdes Moreno

A chapter in Equilibrium Theory for Cournot Oligopolies and Related Games, 2016, pp 119-131 from Springer

Abstract: Abstract In this paper, we present a model of oligopolistic competition where demand functions are exponential. We show that in such a model there is a unique Cournot equilibrium. This model predicts a monotonic relationship between the markup of a firm and its output. We present evidence, based on a sample of Spanish manufacturing firms, that this relationship is inverse.

Keywords: Nash Equilibrium; Order Condition; Exponential Model; Profit Maximization; Representative Consumer (search for similar items in EconPapers)
Date: 2016
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Working Paper: Interpreting markups in Spanish manufacturing: the exponential model (2010)
Working Paper: Interpreting markups in Spanish manufacturing: The exponential model (2010)
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DOI: 10.1007/978-3-319-29254-0_9

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