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The dominant firm with convex technology
Author(s) -
Reid Gavin C.
Publication year - 1980
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.4090010303
Subject(s) - comparative statics , regular polygon , statics , mathematical economics , set (abstract data type) , economics , production (economics) , convex analysis , mathematics , convex set , mathematical optimization , computer science , microeconomics , convex optimization , physics , geometry , classical mechanics , programming language
The paper analyses a dominant firm model in which firms have convex production sets. The model is shown to be determinate, and to be expressible by a set of ( n +1) equilibrium conditions. A previous attempt to obtain comparative statics results is criticized as being invalid, and a new framework for comparative statics is developed.