Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/38815
Authors: 
Jurgan, Jens
Year of Publication: 
2009
Series/Report no.: 
Würzburg economic papers 80
Abstract: 
In the homogenous good case, the relationship between market structure and efficiency was studied extensively. Assuming a standard quadratic utility with quantity competition, this paper carries on the analysis in a differentiated good context. It can be shown that there is a positive relationship between market heterogeneity and efficiency, too. In contrast to the homogenous good case, consumer surplus as well as producer surplus increases with the dispersion of marginal costs.
Subjects: 
Differentiated goods
Cournot
Asymmetric costs
Cost variation
Welfare
JEL: 
L13
L11
L4
Document Type: 
Working Paper

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