@article{oai:nagoya.repo.nii.ac.jp:02001109,
 author = {Adachi, Takanori and Bao, Leer},
 issue = {E21-1},
 journal = {Economic Research Center Discussion Paper E-Series},
 month = {Feb},
 note = {In this paper, we provide a formulation of how imperfect competition in the product market is incorporated into the industry model described in Chapter 11 of Chicago Price Theory (Jaffe, Minton, Mulligan, and Murphy 2019, CPT). A generalized version of the perturbed system of the industry is shown and used to analyze the effect of a wage increase in the long-run as well as in the short-run in relation to the intensity of competition.},
 pages = {1--17},
 title = {Chicago Price Theory Meets Imperfect Competition : A Conduct Parameter Approach},
 year = {2021}
}