2 Matching Annotations
- Jan 2020
-
vle.exeter.ac.uk vle.exeter.ac.uk
-
HERE is a diagram depicting best-reponse functions with strategic complements.
This link is not working for me.
-
may lead estimates of these costs to be higher or lower?
By this are you refering to the idea that some people suggest higher DWL then graphically depicted due to factors such as low innovation levels and expending of wasteful resources to preserve barriers to entry. And the idea that monopolies might not persist in the long run, are disiciplined by potential entry and have greater incentives to innovate?
Or are you referring to something else entirely?
-