The Econometric SocietyEconometrica: Sep 1983, Volume 51, Issue 5
Natural Oligopolies
https://doi.org/0012-9682(198309)51:5<1469:NO>2.0.CO;2-3
p.
1469-1484
Avner Shaked, John Sutton
In a market where firms offer products which differ in quality, an upper bound may exist to the number of firms which can coexist at a noncooperative price equilibrium. We fully characterize the conditions under which this possibility arises.Log In To View Full Content