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comparative analysis of three oligopoly models

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Date Issued:
1991
Summary:
This thesis examines as well as compares three oligopoly models. In Seade (1980), the effect of entry on outputs and profits is analyzed. Firms may respond to entry in a perverse way by increasing their outputs. The equilibrium price set by firms always rests above marginal costs. In Perloff and Salop (1985), the focus is on the effect of both limited and unlimited entry on oligopoly pricing behavior. Firms may set their equilibrium price equal to marginal cost; therefore, an oligopoly may behave like a perfectly competitive industry. Salop (1979) offers a spatial model of oligopoly. The measure of the degree of monopolistic competition differs from that of Perloff and Salop (1985). The response of firms to changes in both demand and costs also differs between Salop (1979), and Perloff and Salop (1985).
Title: A comparative analysis of three oligopoly models.
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Name(s): Perez, Carlos Francisco.
Florida Atlantic University, Degree grantor
Hung, Chao-shun, Thesis advisor
College of Business
Department of Economics
Type of Resource: text
Genre: Electronic Thesis Or Dissertation
Issuance: monographic
Date Issued: 1991
Publisher: Florida Atlantic University
Place of Publication: Boca Raton, Fla.
Physical Form: application/pdf
Extent: 123 p.
Language(s): English
Summary: This thesis examines as well as compares three oligopoly models. In Seade (1980), the effect of entry on outputs and profits is analyzed. Firms may respond to entry in a perverse way by increasing their outputs. The equilibrium price set by firms always rests above marginal costs. In Perloff and Salop (1985), the focus is on the effect of both limited and unlimited entry on oligopoly pricing behavior. Firms may set their equilibrium price equal to marginal cost; therefore, an oligopoly may behave like a perfectly competitive industry. Salop (1979) offers a spatial model of oligopoly. The measure of the degree of monopolistic competition differs from that of Perloff and Salop (1985). The response of firms to changes in both demand and costs also differs between Salop (1979), and Perloff and Salop (1985).
Identifier: 14738 (digitool), FADT14738 (IID), fau:11529 (fedora)
Collection: FAU Electronic Theses and Dissertations Collection
Note(s): College of Business
Thesis (M.A.)--Florida Atlantic University, 1991.
Subject(s): Oligopolies--Models
Held by: Florida Atlantic University Libraries
Persistent Link to This Record: http://purl.flvc.org/fcla/dt/14738
Sublocation: Digital Library
Use and Reproduction: Copyright © is held by the author, with permission granted to Florida Atlantic University to digitize, archive and distribute this item for non-profit research and educational purposes. Any reuse of this item in excess of fair use or other copyright exemptions requires permission of the copyright holder.
Use and Reproduction: http://rightsstatements.org/vocab/InC/1.0/
Owner Institution: FAU
Is Part of Series: Florida Atlantic University Digital Library Collections.