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Explanation

Market structure of multi-product films under free entry
Hanly D, Cheung KCK
ECONOMICS LETTERS
61 (2): 159-163 NOV 1998

Document type: Article    Language: English    Cited References: 9    Times Cited: 0   

Abstract:
Three sources of advantages to multi-product firm are considered: economies of scope, risk reduction and demand complementarity. Each source if of sufficient magnitude leads to a market equilibrium dominated by multi-product firms. As the market becomes sufficiently large the multi-product Cournot-Nash model is shown to converge to an efficient outcome. (C) 1998 Elsevier Science S.A. All rights reserved.

Author Keywords:
Cournot-Nash, free entry, multi-product, economies of scope

KeyWords Plus:
COMPETITION

Addresses:
Hanly D, Univ Saskatchewan, Dept Econ, Saskatoon, SK S7N 5A5, Canada
Univ Saskatchewan, Dept Econ, Saskatoon, SK S7N 5A5, Canada
Univ Windsor, Fac Business Adm, Dept Finance, Windsor, ON N9B 3P4, Canada

Publisher:
ELSEVIER SCIENCE SA, LAUSANNE

IDS Number:
140TL

ISSN:
0165-1765


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