Skip to content

Commit

Permalink
Fix mistake in formula
Browse files Browse the repository at this point in the history
  • Loading branch information
stanmart committed Oct 6, 2024
1 parent b7d6647 commit 49a2b83
Showing 1 changed file with 1 addition and 1 deletion.
2 changes: 1 addition & 1 deletion src/presentation/defense.qmd
Original file line number Diff line number Diff line change
Expand Up @@ -1071,7 +1071,7 @@ $$
**Theorem 2.3.**
In the bargaining model under hybrid regime

- The equilibrium number of fringe firms is decreasing *fast* in the platform's product variety: $\frac{\mathrm{d} N_F}{\mathrm{d} N_P} = -\frac{V_P}{V_F} < 0$.
- The equilibrium number of fringe firms is decreasing *fast* in the platform's product variety: $\frac{\mathrm{d} N_F}{\mathrm{d} N_P} < -\frac{V_P}{V_F}$.
- The equilibrium size of the aggregate and consumer surplus are decreasing in the platform's product variety: $\frac{\mathrm{d} A}{\mathrm{d} N_P}, \frac{\mathrm{d} CS}{\mathrm{d} N_P} < 0$.
:::

Expand Down

0 comments on commit 49a2b83

Please sign in to comment.