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. …

Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to … Bertrand competition if the upstream firm subsidises the quantity setting downstream firm's production via negative wholesale …

competes with another firm à la Cournot in a second market. We compare treatments where the multi-product firm (i) always …

is à la Cournot between firms with constant asymmetric marginal costs. The main result is that such a vertical merger can …

literature. In this note, I trace back the origin of the idea to Chapter IX, on complementary goods monopolies, of Cournot (1838 …). Through the years Cournot's contribution remained a reference but ended being viewed as a special case of the bilateral … of Cournot for the simultaneous game and extend it to the sequential game. I also show that prices are usually higher in …