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 …

We analyse the dynamics of a Cournot duopoly game with heterogeneous players to investigate the effects of micro … firms, is that a fiercer (weaker) competition tends to stabilise (destabilise) the unique positive Cournot-Nash equilibrium …

We analyse the stability issue in a Cournot duopoly with heterogeneous players. We show that labour market institutions … matter for the stability of the unique interior Cournot-Nash equilibrium. Interestingly, the role played by the existence of …

The present study analyses the dynamics of a Cournot duopoly with managerial sales delegation and bounded rational … players. We find that when firms’ owners hire a manager and delegate the output decisions to him, the unique Cournot …

We study the stability issue in a Cournot duopoly with codetermined firms. We show that when both firms codetermine …

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. …