welfare losses is 1/ n2 . The results extend to demand schedule competition and a range of applications in product and …

uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition … the collusive level. Furthermore, competition in supply functions aggregates the dispersed information of firms (the … equilibrium is privately revealing) while Cournot competition does not. The implication is that with the former the only source of …

-Nash equilibria in a duopoly. Comparing equilibrium prices to the prices set by a multiproduct monopolist, we show that competition … drives prices up and may lead to price dispersion. Competition reduces total surplus in the short run but provides higher …

competition. This paper formalizes this empirical observation and characterizes its impact on leakage. Domestic firms invest in …

quantities in Cournot competition. In addition to profits, firms can choose to care for the surplus of either all consumers (CSR …

perfectly observable. In a two-stage competition, duopolistic firms are subject to strict liability and segment the market such …

applies more generally to duopoly pricing …