Asset ownership and market structure in oligopoly: Further results |
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| Authors: | Sang-Seung Yi |
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| Affiliation: | Department of Economics, Dartmouth College, Hanover, NH 03755, USA |
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| Abstract: | How does the sale of assets from a small firm to a large firm affect the equilibrium price in oligopoly? Using the ‘cross-sectional differentiation’ technique introduced by Farrell and Shapiro (Rand Journal of Economics, 1990, 21, 275–292), I show that the equilibrium price rises if the common production technology is homogeneous of degree t, 0<t1. |
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| Keywords: | Oligopoly Asset sales Output price |
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