Multimarket Oligopoly¶
Bulow, J. I., Geanakoplos, J. D., & Klemperer, P. D. (1985). Multimarket Oligopoly: Strategic Substitutes and Complements. Journal of Political Economy, 93(3), 488-511.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Strategic Substitute
- Industrial organization (Cournot): firms choosing output; the more competitors produce, the lower the residual demand for me, so my optimal output falls — the arch-example of submodular payoffs.
This sourceCoins the strategic-substitutes/complements distinction and identifies Cournot quantity competition as the arch-example of downward-sloping best responses (submodular payoffs).
- Industrial organization (Cournot): firms choosing output; the more competitors produce, the lower the residual demand for me, so my optimal output falls — the arch-example of submodular payoffs.
Verification¶
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Registry ID ref:aaa3353ade43 · see in the full table