We analyse the properties of a Cournot-Nash equilibrium which arises when two monopolies,
operating each in a separate market, become a duopoly in a common market with two
sub-markets (the formerly separated markets) and are allowed to price discriminate
across sub-markets. This equilibrium implies "intra-industry" trade (or "crosshauling")
of identical commodities and freight absorption (which is an increasing function
of the slope of the marginal cost schedule). It also leads to price differences such
as those observed in the European car market. [Авторский текст]
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