In an imperfectly competitive industry, differentiated products compete with each other with price rather than quantity as the strategic variable. Several previous studies have employed a generalized Nash-Bertrand model: Liang (1989), Cotterill (1994), Cotterill et al. (2000), and Kinoshita et...

Antitrust enforcement concerning monopolies, mergers, and cartels is converging across all market-oriented economies in the world. This convergence is based upon neoclassical economic analysis of industrial organization. The role of empirical economic analysis, however, has not converged as...