Oligopoly with a large number of competitors: asymmetric limit result
Oligopoly with a large number of competitors: asymmetric limit result
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寡头垄断与大量竞争者:非对称极限结果
DOI:
10.1007/s00199-008-0353-9
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发表时间:
2009
期刊:
影响因子:
1.3
通讯作者:
Tomohiko Kawamori
中科院分区:
文献类型:
--
作者:
Hiroaki Ino;Tomohiko Kawamori
We address how profitable innovation is in a competitive market by investigating the asymmetric oligopoly model in which 1 firm (innovator) has a cost advantage that is not drastic enough for her to become a monopolist, and by inducing asymmetric limit outcomes when the number of the other firms (laggard firms) goes to infinity. If the innovator is the Stackelberg leader, two cases can arise: (i) the innovator behaves as in the competitive market or (ii) she occupies the entire market but cannot make the price. If we consider Cournot competition, the innovator becomes the partial monopolist.