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- W2186351495 abstract "This paper provides a thorough characterization of the properties of Cournot's complemen- tary monopoly model (or oligopoly with perfect complements) in a general setting, including existence, uniqueness and the comparative statics eects of entry. As such, this serves to unify various results from the extant literature that have typically been derived with limited generality. In addition, several studies have suggested that Cournot's complementary monopoly model is the dual problem to the standard Cournot oligopoly model. This result crucially relies on the assumption that the …rms have no production costs. This paper shows that if the production costs of the …rms are dierent from zero, the nice duality between these two oligopoly settings breaks down. One implication of this breakdown is that, in contrast to the Cournot model, oligopoly with perfect complements can be a game of strategic complements in a global sense even in the presence of production costs." @default.
- W2186351495 created "2016-06-24" @default.
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- W2186351495 date "2013-01-01" @default.
- W2186351495 modified "2023-09-27" @default.
- W2186351495 title "On Cournot's theory of oligopoly with perfect complements" @default.
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