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.

Type

Journal article

Intellectual base

Primary research

Year

1985

Volume

93

Issue

3

Pages

488-511

DOI

10.1086/261312

DOI registrant

University of Chicago Press

Link

https://doi.org/10.1086/261312

Cited from

economics_finance

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).

Verification

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Registry ID ref:aaa3353ade43 · see in the full table