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Surplus sharing in Cournot oligopoly
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Condorelli, Daniele and Szentes, Balázs (2022) Surplus sharing in Cournot oligopoly. Theoretical Economics, 17 (3). pp. 955-975. doi:10.3982/TE4515 ISSN 1933-6837.
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Official URL: https://doi.org/10.3982/TE4515
Abstract
We characterize equilibria of oligopolistic markets where identical firms with constant marginal cost compete a' la Cournot. For given maximal willingness to pay and maximal total demand, we first identify all combinations of equilibrium consumer surplus and industry profit that can arise from arbitrary demand functions. Then, as a further restriction, we fix the average willingness to pay above marginal cost (i.e., first-best surplus) and identify all possible triples of consumer surplus, industry profit and deadweight loss.
| Item Type: | Journal Article | ||||||||
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| Subjects: | H Social Sciences > HB Economic Theory | ||||||||
| Divisions: | Faculty of Social Sciences > Economics | ||||||||
| Library of Congress Subject Headings (LCSH): | Oligopolies -- Mathematical models, Monopolies -- Mathematical models, Equilibrium (Economics) -- Mathematical models, Cournot, A. A. (Antoine Augustin), 1801-1877 | ||||||||
| Journal or Publication Title: | Theoretical Economics | ||||||||
| Publisher: | Econometric Society | ||||||||
| ISSN: | 1933-6837 | ||||||||
| Official Date: | 2022 | ||||||||
| Dates: |
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| Volume: | 17 | ||||||||
| Number: | 3 | ||||||||
| Page Range: | pp. 955-975 | ||||||||
| DOI: | 10.3982/TE4515 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Access rights to Published version: | Open Access (Creative Commons) | ||||||||
| Copyright Holders: | © The Author(s), 2022 | ||||||||
| Date of first compliant deposit: | 14 September 2021 | ||||||||
| Date of first compliant Open Access: | 19 July 2022 | ||||||||
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