Abstract

http://ssrn.com/abstract=1543380
 


 



Long-Run Equilibrium in a Bertrand Type Oligopoly Model with Cobb-Douglas Demand and Production


William C. Kolberg


Ithaca College

January 27, 2010


Abstract:     
This paper explores the character of long-run equilibrium in an oligopoly model with Cobb-Douglas production and demand. The model is a Bertrand type model in that firms choose production, but the product may be differentiated as well as homogeneous in nature. The long run equilibrium explored here does not permit entry or exit, so in that sense it is considered oligopoly.

Number of Pages in PDF File: 8

Keywords: Price Competition, Oligopoly, Bertrand, Long-Run Equilibrium

JEL Classification: D43, L13

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Date posted: January 28, 2010 ; Last revised: August 25, 2010

Suggested Citation

Kolberg, William C., Long-Run Equilibrium in a Bertrand Type Oligopoly Model with Cobb-Douglas Demand and Production (January 27, 2010). Available at SSRN: http://ssrn.com/abstract=1543380 or http://dx.doi.org/10.2139/ssrn.1543380

Contact Information

William C. Kolberg (Contact Author)
Ithaca College ( email )
Department of Economics
430 Muller Faculty Center
Ithaca, NY 14850
United States
607-274-3609 (Phone)
Feedback to SSRN


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