This paper extends the Cournot and Bertrand models of strategic interaction between firms by assuming that managers are … paper finds that if firms with reciprocal managers compete à la Cournot, then they may be able to sustain “collusive … reciprocity equilibrium. If there is Cournot competition between firms and their managers are averse to advantageous …

behavior in the two competitive settings and lead all firms in oligopoly to gain higher profits in Cournot than in Bertrand … and Mitra (2010). In duopoly, aggregate profits are equivalent in Cournot and Bertrand. …

infinity. In the limit, a range of outcomes stretching from Cournot via Stackelberg to Bertrand can result in equilibrium, i …-stage game, the set of outcomes is a quasi-hyperrectangle including Cournot, Allaz-Vila, and all two-stage Stackelberg outcomes …. In general, it consists of T-1 such hyperrectangles where the lower bound approaches the Bertrand outcome as T tends to …

governments under subsidy regime, Cournot competition is more efficient than Bertrand competition when the goods are substitutes … is greater under Cournot competition than under Bertrand competition. … or quantities in a third market. We show that even though each firm can earn higher profits under Cournot competition …

governments under subsidy regime, Cournot competition is more efficient than Bertrand competition when the goods are substitutes … about a change in the competition mode from Bertrand competition to Cournot competition if goods are substitutes. On the … or quantities in a third market. We show that even though each firm can earn higher profits under Cournot competition …

This paper investigates Bertrand competition of unionized mixed duopoly when the public firm is less efficient than the …

both cases, the limiting outcomes are strictly between Cournot and Bertrand. This shows that competitive futures markets …If Cournot oligopolists may sell their output prior to its production (forward trading), competition intensifies …. Potentially, it may intensify so far as to imply convergence to the Bertrand equilibrium, as shown by Allaz and Vila (1993) for …