Generalized Quantity Competition for Multiple Products and Loss of Efficiency
成果类型：
Article
署名作者：
Kluberg, Jonathan; Perakis, Georgia
署名单位：
Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT)
刊物名称：
OPERATIONS RESEARCH
ISSN/ISSBN：
0030-364X
DOI：
10.1287/opre.1110.1017
发表日期：
2012
页码：
335-350
关键词：
摘要：
We study a generalized model of quantity (Cournot) oligopolistic competition. The impact of competition on social surplus and firms' profit is analyzed. Firms produce multiple differentiated products and face production constraints. We compare the social surplus produced by competing firms and by colluding firms with the maximum achievable total surplus in the market. Similarly, we quantify the loss of profit that firms incur by competing instead of colluding. Our goal is to understand how the presence of competition affects the firms and society as a whole, but also to determine what are the key drivers of the inefficiencies that arise due to competition.