Hsu, Judy; Wang, X. - In: Review of Industrial Organization 27 (2005) 2, pp. 185-191
firms, prices may be higher under Bertrand competition than under Cournot competition, implying that the classical result of … Singh and Vives (1984, Rand Journal of Economics, 15, 546–554) that Bertrand prices are always lower than Cournot prices is …
