Paper on the Welfare Changes in Cournot Competition Accepted for Publication in the Journal of Industrial Economics

My paper on how welfare changes when the number of firms change in a Cournot setting was accepted for publication in the Journal of Industrial Economics. This paper extends findings discussed in the prior literature to the case of firms facing concave production costs and thus provides a number of new results that apply to networked industries with economies of scale such as telecommunications and energy. I also show how the theoretical bounds now derived can be used to measure how breaking-up a telecommunications provider may increase consumer welfare.

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