Abstract
Empirical studies have explored the connection between measures of concentration and measures of profitability, i.e., Collins-Preston (1968, 1969), Miller (1967, 1971), and Shephard (1969). Standard oligopoly models do not seem to suggest an easy explanation of the observed relationships. This is especially true for the marginal concentration effect as was shown by Miller. It is the purpose of this paper to introduce a new oligopoly model as an attempt to provide an integrated theoretical explanation of several empirical phenomena.
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© 1988 Springer Science+Business Media Dordrecht
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Selten, R. (1988). A Model of Oligopolistic Size Structure and Profitability. In: Models of Strategic Rationality. Theory and Decision Library C, vol 2. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-7774-8_6
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DOI: https://doi.org/10.1007/978-94-015-7774-8_6
Publisher Name: Springer, Dordrecht
Print ISBN: 978-90-481-8446-0
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