Salta al contenuto principale
Passa alla visualizzazione normale.

ANTONIO TESORIERE

Strictly convex variable cost does not imply U-shaped average cost

  • Autori: Balletta, L.; Tesoriere, A.
  • Anno di pubblicazione: 2016
  • Tipologia: Articolo in rivista (Articolo in rivista)
  • Parole Chiave: Convex costs; Endogenous entry; Fixed costs; U-shaped average costs; Economics and Econometrics
  • OA Link: http://hdl.handle.net/10447/230957

Abstract

We show that strictly convex variable costs do not imply U-shaped average costs and provide a sufficient condition for U-shaped average costs. As an application we study endogenous entry when firms have market power and they have decreasing average cost but increasing marginal cost.