Abstract
The purpose of this short paper is to provide a formally correct and exhaustive reference for some general properties of price and revenue functions in homogenous-good markets. The scope is limited to price and revenue functions that solely depend on the quantities; therefore the results here presented can be usefully employed in the analysis of homogeneous-good Cournot oligopolies. Particular attention is devoted to the monotonicity properties of price and marginal revenue functions.
Original language | English |
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Publisher | Social Science Research Network |
Publication status | Published - 2011 |