ABSTRACT
In this chapter, a model (Model B.2) is formed by simplifying the demand component to represent price inelastic demand. In Model B.2 resources are at their most general level of representation, as in two-Sided Cartel model (Model B). The chapter introduces the model components for all of the models to be treated. All of the models share the same two-sided, Stackleberg supply structure and have the same general time-varying, price-inelastic demand representation, although some special subcases are treated where demand is assumed constant in time and/or the backstop price is in effect set to infinity. It is on the resource component that the models are distinguished from one another. In the chapter, the formal models are then constructed for each of the models to be treated.
