This paper draws upon Feenstra and Ma (2007, 2008), to develop a model of asymmetric competition between multiproduct firms. The model is used to analyze how cost asymmetry affects the equilibrium, with determination of quantity/price as well as product scope per firm. By treating the number of firms as a continuous variable, the model is extended to account for the endogenous determination of the number of firms in a long-run, monopolistically competitive equilibrium, with free entry by heterogeneous firms.
Autori: | ||
Data di pubblicazione: | 2015 | |
Titolo: | Competition between Multiproduct Firms with Heterogeneous Costs | |
Rivista: | ADVANCES IN SOCIAL SCIENCES RESEARCH JOURNAL | |
Digital Object Identifier (DOI): | http://dx.doi.org/10.14738/assrj.27.1215 | |
Volume: | 2 | |
Appare nelle tipologie: | 2.1 Articolo su rivista |
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assrj2015.pdf | Documento in Post-print | Accesso libero (no vincoli) | Open Access Visualizza/Apri |
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