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the corresponding Cournot equilibrium. From a methodological viewpoint we make extensive use of the basic results from the …
Persistent link: https://www.econbiz.de/10010343823
This paper compares Bertrand and Cournot equilibria in a horizontallydifferentiated duopoly market with non … maybe higher under Cournot competition for moderate R&D productivities... …
Persistent link: https://www.econbiz.de/10005868906
' order of moves to show that i) Cournot competition is not the subgame perfect Nash equilibrium of the extended game, ii) the …
Persistent link: https://www.econbiz.de/10014075193
This paper examines the optimal privatization policy in vertically related markets in which an upstream public firm competes with a foreign private rival in supplying a produced input to the domestic and foreign downstream firms in the domestic market. It shows that if the upstream public firm's...
Persistent link: https://www.econbiz.de/10013006896
We show the effects of Bertrand and Cournot competition on R&D investmentand social welfare in a duopoly with R …&D competition where success in R&D isprobabilistic. We show that R&D investments are higher under Bertrand (Cournot)competition when … Cournot competition can generate highersocial welfare in absence of knowledge spillover and this happens if R&D is drastic …
Persistent link: https://www.econbiz.de/10005868763
We show the welfare effects of entry in presence of technology licensingunder Cournot competition. If the entrant is …
Persistent link: https://www.econbiz.de/10005868772
Several studies on mixed oligopoly indicate that the ownership pattern of firms does not affect the equilibrium price. This idea often suggests that ownership is irrelevant. In a mixed duopoly under price competition, firm ownership is irrelevant. This study reveals that ownership is irrelevant...
Persistent link: https://www.econbiz.de/10012990802
homogeneous and heterogeneous product, Cournot, Tullock competition) the Nash-2 equilibrium sets are obtained and considered as …
Persistent link: https://www.econbiz.de/10013024415
We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where … differential game and investigate (i) the Cournot-Nash game among profit-seeking firms; (ii) the Markov Perfect Nash equilibrium …
Persistent link: https://www.econbiz.de/10011737230
Electronic coordination links markets at different locations that have initially been (partially) separated by transport costs. Rising competitive pressure should in turn affect incentives to differentiate products. In this paper investment decisions concerning transport cost reduction and...
Persistent link: https://www.econbiz.de/10010509336