Abstract
There exists a unique, non-cooperative equilibrium in output levels for a group of firms which sell differentiated products and are able to practice first degree price discrimination. The equilibrium does not maximize joint profits.
Original language | English (US) |
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Pages (from-to) | 221-227 |
Number of pages | 7 |
Journal | Economics Letters |
Volume | 4 |
Issue number | 3 |
DOIs | |
State | Published - 1979 |
Funding
* The support of the National Science Foundation under Grant Number SOC 79-07201 fully acknowledged. I would like to thank Lanny Arvan for a helpful discussion.
ASJC Scopus subject areas
- Finance
- Economics and Econometrics