Discriminating Oligopolists and Common Markets
分析了两个原本各自垄断的企业进入共同市场后，在允许跨子市场价格歧视情况下的古诺-纳什均衡，该均衡导致同质商品的行业内贸易和运费吸收现象，并解释了欧洲汽车市场的价格差异。
We analyse the properties of a Cournot-Nash equilibrium which arises when two monopolies, operating each in a separate market, become a duopoly in a common market with two sub-markets (the formerly separated markets) and are allowed to price discriminate across sub-markets. This equilibrium implies intra-industry trade (or crosshauling) of identical commodities and freight absorption (which is an increasing function of the slope of the marginal cost schedule). It also leads to price differences such as those observed in the European car market. [Авторский текст]