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Debapriya Sen
''Monopoly Profit in a Cournot oligopoly''
( 2002, Vol. 4 No.6 )
A Cournot oligopoly with at least three firms is considered, where one of the firms has a cost-reducing innovation. A general version of royalty contract is proposed, and it is shown that this contract enables the innovator firm to earn the monopoly profit with the reduced cost.
JEL: D4 - Market Structure and Pricing: General
D4 - Market Structure and Pricing: General
Manuscript Received : Jan 27 2002 Manuscript Accepted : Mar 12 2002

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