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Price vs. quantity competition in a vertically related market

Alipranti, Maria; Milliou, Chrysovalantou; Petrakēs, … - 2014

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. …

Persistent link: https://www.econbiz.de/10010351502

Coalition formation under power relations

Piccione, Michele; Razin, Ronny - In: Theoretical economics : TE ; an open access journal in … 4 (2009) 1, pp. 1-15

We analyze the structure of a society driven by power relations. Our model has an exogenous power relation over the set of coalitions of agents. Agents determine the social order by forming coalitions. The power relations determine the ranking of agents in society for any social order. We study...

Persistent link: https://www.econbiz.de/10011699228

Output commitment through product bundling : experimental evidence

Hinloopen, Jeroen; Müller, Wieland; Normann, Hans-Theo - 2013

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

Persistent link: https://www.econbiz.de/10010204789

Surplus sharing in Cournot oligopoly

Condorelli, Daniele; Szentes, Balàzs - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 3, pp. 955-975

Cournot. For given maximal willingness to pay and maximal total demand, we first identify all combinations of equilibrium …

Persistent link: https://www.econbiz.de/10013327103