Title

A peek into a Pandora's box: Firm-level demand with price competition vs. quantity competition

Document Type

Article

Publication Date

12-1-2009

Abstract

An analytical method for inverting firm-level demand to obtain inverse demand while preserving the nature of the product is reviewed. Some simple numerical analysis then shows that inverse demand, compared with demand may be less price elastic, similar, or more price elastic as competition increases. © 2009 Elsevier B.V. All rights reserved.

Publication Name

Economics Letters

Volume Number

105

First Page

242

Last Page

246

Issue Number

3

DOI

10.1016/j.econlet.2009.08.011

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