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Surplus sharing in Cournot oligopoly

Condorelli, Daniele and Szentes, Balázs (2022) Surplus sharing in Cournot oligopoly. Theoretical Economics. ISSN 1933-6837

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Abstract

We characterize equilibria of oligopolistic markets where identical rms with constant marginal cost compete a' la Cournot. For given maximal willingness to pay and maximal total demand, we rst identify all combinations of equilibrium consumer surplus and industry prot that can arise from arbitrary demand functions. Then, as a further restriction, we x the average willingness to pay above marginal cost (i.e., rst-best surplus) and identify all possible triples of consumer surplus, industry prot and deadweight loss.

Item Type: Article
Divisions: Economics
Date Deposited: 09 Sep 2021 12:15
Last Modified: 10 Aug 2022 15:21
URI: http://eprints.lse.ac.uk/id/eprint/111890

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