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comparative analysis of three oligopoly models
- 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 |
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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. |
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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/ | |
Host Institution: | FAU | |
Is Part of Series: | Florida Atlantic University Digital Library Collections. |