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. …

the example of a Cournot duopoly with asymmetric cost, we investigate experimentally how players cooperate (collude …

the example of a Cournot duopoly with asymmetric cost, we investigate experimentally how players cooperate (collude …

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