governments under subsidy regime, Cournot competition is more efficient than Bertrand competition when the goods are substitutes … is greater under Cournot competition than under Bertrand competition. … or quantities in a third market. We show that even though each firm can earn higher profits under Cournot competition …

governments under subsidy regime, Cournot competition is more efficient than Bertrand competition when the goods are substitutes … about a change in the competition mode from Bertrand competition to Cournot competition if goods are substitutes. On the … or quantities in a third market. We show that even though each firm can earn higher profits under Cournot competition …

This paper demonstrates that the standard conclusions regarding the comparison of Cournot and Bertrand competition are … Cournot competition yields higher output, lower wholesale prices, lower final prices, higher consumers' surplus, and higher … total welfare than Bertrand competition. …

from the Cournot-Bertrand dispute and the stream of research it gave birth to, this survey shows that we are far from …

This paper revisits the classic profit-ranking of Cournot and Bertrand equilibria and the issue of endogenous choice of … profit under Bertrand competition than that under Cournot competition and (b) firms face a prisoners' dilemma type of …

competition than under Cournot competition, implying that the classical result of Singh and Vives (1984) that Bertrand prices are …Hackner (2000) shows that in a differentiated oligopoly with more than two firms , prices may be higher under Bertrand … always lower than Cournot prices is sensitive to the duopoly assumption. Hackner (2000), however, leaves unanswered the …

allow for elastic demand functions. A Bertrand-type model and a Cournot-type model are considered. If firms choose location … in Cournot than Bertrand under the whole parameters’ set. We also study the impact of firms’ location on perfect …

We revisit the classic comparison between Bertrand and Cournot outcomes in a mixed market with private and public firms … differentiated duopoly setting, partial privatization always improves welfare in Cournot but not necessarily in Bertrand competition. …-maximizing public firm's price is strictly lower while its output is strictly higher in Cournot competition. And whereas the private …