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Consistent comparative statics for the food industries

Holloway, G. (1994) Consistent comparative statics for the food industries. American Journal of Agricultural Economics, 76 (5). p. 1259. ISSN 0002-9092

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To link to this item DOI: 10.1093/ajae/76.5.1242

Abstract/Summary

Consistent conjectures are derived in an oligopoly model with homogeneous products and identical firms. The exercise uncovers two important findings. Absent entry, the monopolistic conjecture, is the unique consistent conjecture. With endogenous entry, no consistent conjecture exists. These results provide foundations for deriving consistentc omparatives taticsf or the food industries

Item Type:Article
Refereed:Yes
Divisions:Faculty of Life Sciences > School of Agriculture, Policy and Development > Economic and Social Sciences Division > Food Economics and Marketing (FEM)
ID Code:30681
Publisher:Oxford University Press

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