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Showing 1 to 2 of 2 for “"Asymmetric Oligopoly"”.
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Welfare Effects Of Industrial Policies Under Asymmetric Oligopoly And Endogenous Quality
… our welfare analysis. It assumes the firms have asymmetric production costs. The cost of production depends on investment in R\&D to produce an output of quality, $q_i$. Now, we do not associate the output quality to a specific firm in the beginning of our analysis. Notwithstanding, we assume the …