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A NOTE ON BILATERAL MONOPOLY AND THE OPTIMUM LOCATION OF VERTICALLY RELATED FIRMS *
Author(s) -
Cheng Doris,
Shieh YeungNan
Publication year - 1990
Publication title -
journal of regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.171
H-Index - 79
eISSN - 1467-9787
pISSN - 0022-4146
DOI - 10.1111/j.1467-9787.1990.tb00122.x
Subject(s) - monopoly , profit maximization , maximization , profit (economics) , utility maximization , microeconomics , economics , joint (building) , industrial organization , mathematical economics , engineering , architectural engineering
This note considers Blair, Kaserman, and Romano's conclusion (1989) that the only optimal solution in the case of bilateral monopoly is the joint profit maximization solution and examines the pattern of industrial location under joint profit maximization.