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• W2102005575 abstract "This article investigates the relationship between the Herfindahl–Hirschman Index (HHI) and welfare in multiple-leader Stackelberg models. We formulate two long-run models of free entry of followers; in the first (second) model, leaders select their output before (after) the entry of the followers. We find that in both models, in contrast to the short-run models, the Stackelberg model yields a larger welfare and HHI than the Cournot model does regardless of the number of leaders; that is, beneficial concentration always occurs." @default.
• W2102005575 created "2016-06-24" @default.
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• W2102005575 date "2012-10-09" @default.
• W2102005575 modified "2023-10-18" @default.
• W2102005575 title "HOW MANY FIRMS SHOULD BE LEADERS? BENEFICIAL CONCENTRATION REVISITED*" @default.
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• W2102005575 doi "https://doi.org/10.1111/j.1468-2354.2012.00722.x" @default.
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