Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062197 | Economics Letters | 2008 | 4 Pages |
Abstract
We prove in a Cournot model that the price and markup are counter-cyclical due to changes in the extent of competition if the income effect is decreasing in the price, as occurs when preferences are homothetic or demand is isoelastic.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jose M. Plehn-Dujowich,