Finiteness property in vertically differentiated markets: a note on locally increasing and decreasing returns
(2004) Economic Theory — Vol. 23, n° 2, p. 371-382 (2004)
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- Abstract
- The results previously obtained on the finiteness property in vertically differentiated markets, with cost functions having increasing or decreasing returns, are extended to a much larger class of cost functions with local properties in a vicinity of the zero output. Moreover, existence results are provided to prove that the demonstrated properties have cases of application.
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Citations
Lahmandi-Ayed, R. (2004). Finiteness property in vertically differentiated markets: a note on locally increasing and decreasing returns. Economic Theory, 23(2), 371-382. https://doi.org/10.1007/s00199-003-0370-7 (Original work published 2004)