Knoblauch, Vicki - Department of Economics, University of Connecticut - 2002
Bertrand equilibria are in continuous mixed strategies, while every Cournot duopoly has an equilibrium in pure strategies, or …In a two-market Bertrand duopoly,each of two firms chooses one of two markets and a price in that market. All four … choices are made simultaneously. In a two-market Cournot duopoly, the firms choose quantities rather than prices.It is well …
