Cite JOURNAL ARTICLE
Buyer Power in a Bilateral Duopoly Model
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 114 (1994), Iss. 3 : pp. 449–462
Soldatos, Gerasimos T.
The objective of this paper is the construction of a consistent mathematical model, with regard to the market power of two duopsonists vs. two duopolists. The result is an explicitly derived mutual constraint on price and quantity determination by both parties. The paper concludes with some directions for further research on the subject.