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- W3122575397 abstract "multiproduct firm to engage in small cost reductions. Specifically, it shows that a multiproduct Bertrand firm's profits will decrease in response to a small reduction in one product's marginal cost if and only if the output share of the cost-reducing unit is below a threshold. Because cost reductions by a single-product firm or by a multiproduct Cournot firm always increase the firm's profits, this result is unique to multiproduct Bertrand firms." @default.
- W3122575397 created "2021-02-01" @default.
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- W3122575397 date "2010-01-01" @default.
- W3122575397 modified "2023-09-27" @default.
- W3122575397 title "Why are firms sometimes unwilling to reduce costs" @default.
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