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Dynamic efficiency of product market competition : Cournot versus Bertrand

Hinloopen, Jeroen; Vandekerckhove, Jan - 2007

Persistent link: https://www.econbiz.de/10003645028

Dynamic efficiency of product market competition

Hinloopen, Jeroen; Vandekerckhove, Jan - 2007

We consider the efficiency of Cournot and Bertrand equilibria in a duopoly with substitutable goods where firms invest in process R&D. Under Cournot competition firms always invest more in R&D than under Bertrand competition. More importantly, Cournot competition yields lower prices than...

Persistent link: https://www.econbiz.de/10011373823

(Non-)insurance markets, loss size manipulation and competition : experimental evidence

Hinloopen, Jeroen; Soetevent, Adriaan R. - 2016

defined insurance and non-insurance markets based on the initial loss size, we develop theory to show that insurers with buyer … our theory and find support. Monopolistic insurer-subjects in non-insurance markets increase loss sizes to establish …

Persistent link: https://www.econbiz.de/10011456744

Dominant investors and strategic transparency

Perotti, Enrico C.; Thadden, Ernst-Ludwig von - 1998

Persistent link: https://www.econbiz.de/10000985435