RT Journal Article
T1 On the competitive effects of divisionalization
A1 Corchón, Luis C.
A1 González-Maestre, M.
AB In this paper, we assume that firms can create independent divisions which compete inquantities in a homogeneous good market. Assuming identical firms and constant returns to scale, we prove that the strategic interaction of firms yields Perfect Competition if the number of firms isbeyond some critical level. Assuming a fixed cost per firm and an upper bound on the maximum number of divisions, we show that when this upper bound tends to infinity and the fixed cost tends to zero, market equilibrium may yield either Perfect Competition or a Natural Oligopoly.
PB Elsevier
SN 0165-4896
YR 2000
FD 2000-01
LK http://hdl.handle.net/10016/3813
UL http://hdl.handle.net/10016/3813
LA eng
DS e-Archivo
RD 30 abr. 2024