Profit maximisation and alternatives in oligopolies

Alexander Klemm

Industrial Organization from University Library of Munich, Germany

Abstract: This paper analyses oligopolies using the Cournot/Stackelberg framework, but allowing some firms to be pursueing aims other than profit maximisation. The existence of even a single output maximising firm can have dramatic effects on outputs, prices and welfare, even if such a firms faces additional costs.

Keywords: profit maximisation; oligopoly; non-profit organisations (search for similar items in EconPapers)
JEL-codes: D43 L13 L21 L31 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2004-09-14
New Economics Papers: this item is included in nep-com, nep-ind and nep-mic
Note: Type of Document - pdf; pages: 21
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpio:0409003

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