Social welfare under oligopoly: does the strengthening of competition in production increase consumers' well-being?

MaRDI QIDQ4556113zbMATH OpenFDO

Authors Mathieu Parenti, Jacques-François Thisse, Alexander Sidorov

Publication date 23 November 2018

zbMATH Keywords

Bertrand competitionCournot competitionfree entryindirect utilityLerner index

Mathematics Subject Classification ID

Welfare economics (91B15) General equilibrium theory (91B50) Special types of economic markets (including Cournot, Bertrand) (91B54)

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(6)

• Bertrand meets Ford: benefits and losses
• Ambiguous social welfare effects of price regulation under imperfect competition
• Market competition, social welfare in an entry-constrained differentiated-good oligopoly
• How oligopolies may improve consumers' welfare? R\&D is no longer required!
• `Just one of us': Consumers playing oligopoly in mixed markets
• Can allowing to trade permits enhance welfare in mixed oligopoly?

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