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- W2913360975 abstract "These considerations are based on the need for consistent models. If we look at the spatial oligopoly approach of Mulligan and Fik from this point of view, we draw two conclusions. First, their model does not indicate any reasons for asymmetrical conjectural or actual price reactions in the market, as they are not influenced by any different marginal production costs and different locational distributions. Second, exactly one conjectural reaction coefficient is consistent with the profit-maximizing behavior of the firms, and this coefficient is identical for all firms in the market. Consequently, the alternative market results for different reaction coefficients in the paper of Mulligan and Fik are reduced toone result atconsistent conjectural reaction coefficients." @default.
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- W2913360975 date "1991-03-01" @default.
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- W2913360975 title "A note on “Price variation in spatial markets: the case of perfectly inelastic demand”" @default.
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- W2913360975 doi "https://doi.org/10.1007/bf01581897" @default.
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