Relaxing Bertrand Competition: Capacity Commitment Beats Quality Differentiation.

Both product differentiation through quality and capacity commitment have been shown to relax price competition. However, they have not been considered simultaneously. To this end we consider a three stage game where firms choose quality then commit to capacity and finally compete in price.

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Year of publication:	1999
Authors:	Boccard, N. ; Wauthy, X.
Institutions:	Center for Operations Research and Econometrics (CORE), École des Sciences Économiques de Louvain
Subject:	COMPETITION \| MARKET STRUCTURE \| OLIGOPOLIES

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Series:	Papers.
Type of publication:	Book / Working Paper
Notes:	25 pages
Classification:	L13 - Oligopoly and Other Imperfect Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005779424