Successive oligopolies and decreasing returns

Jaskold Gabszewicz, Jean;Zanaj, Skerdilajda
(2008) , 13 pages

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Authors
  • Jaskold Gabszewicz, JeanUCLouvain
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  • Zanaj, SkerdilajdaUniversité du Luxembourg
    Author
Abstract
In this paper, we propose an example of successive oligopolies where the downstream firms share the same decreasing returns technology of the Cobb-Douglas type. We stress the differences between the conclusions obtained under this assumption and those resulting from the traditional example considered in the literature, namely, a constant returns technology.
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Jaskold Gabszewicz, J., & Zanaj, S. (2008). Successive oligopolies and decreasing returns (CORE Discussion Papers 2008/50). https://hdl.handle.net/2078.5/249577