Abstract
A dominant firm equilibrium simulation is found to predict behavior of leading firms better than a Nash equilibrium. The remedy following Alcoa's monopolization conviction in 1945 is examined. Industry simulations involving a more competitive post-war market structure predict a small welfare gain.-from Author
| Original language | English (US) |
|---|---|
| Pages (from-to) | 225-245 |
| Number of pages | 21 |
| Journal | Journal of Industrial Economics |
| Volume | 34 |
| Issue number | 3 |
| DOIs | |
| State | Published - 1986 |
ASJC Scopus subject areas
- Accounting
- General Business, Management and Accounting
- Economics and Econometrics