CONSISTENT COMPARATIVE STATICS FOR THE FOOD INDUSTRIES

Garth J. Holloway

No 271418, 1994 Annual Meeting, August 7-10, San Diego, California from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Consistent conjectures are derived in an oligopoly model with homogeneous products and I identical firms. The exercise uncovers two important findings: Absent entry, the monopolistic conjecture is the unique consistent conjecture. With endogenous entry, no consistent conjecture exists. These results provide foundations for deriving consistent comparative statics for the food industries.

Keywords: Agricultural and Food Policy; Industrial Organization (search for similar items in EconPapers)
Pages: 14
Date: 1994-08-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea94:271418

DOI: 10.22004/ag.econ.271418

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