This paper revisits the classic profit-ranking of Cournot and Bertrand equilibria and the issue of endogenous choice of … network externalities and imperfect-substitute goods (a) the classic profit-ranking is reversed - each firm earns higher …

We revisit the classic profit-ranking of Cournot and Bertrand equilibria and the issue of endogenous choice of a price … externalities are weak, the classic profit-ranking is reversed. When modes of product market competition are endogenously determined …