Showing 1 - 10 of 10
We show the effects of Bertrand and Cournot competition on R&D investmentand social welfare in a duopoly with R …&D competition where success in R&D isprobabilistic. We show that R&D investments are higher under Bertrand (Cournot)competition when … Cournot competition can generate highersocial welfare in absence of knowledge spillover and this happens if R&D is drastic …
Persistent link: https://www.econbiz.de/10005868763
We show the welfare effects of entry in presence of technology licensingunder Cournot competition. If the entrant is …
Persistent link: https://www.econbiz.de/10005868772
The paper shows that there is a close connection between (constant)consistent conjectures in a given game and evolutionary stabilityof conjectures. Evolutionarily stable conjectures are consistent andconsistent conjectures are the only interior candidates for evolutionarystability...
Persistent link: https://www.econbiz.de/10005868802
This paper re-considers the comparison of Bertrand and Cournot equilibria in a differentiatedduopoly with linear demand …
Persistent link: https://www.econbiz.de/10005868812
of moves to show thati) Cournot competition is not the subgame perfect Nash equilibriumof the extended game, ii) the only …
Persistent link: https://www.econbiz.de/10005868901
This paper compares Bertrand and Cournot equilibria in a horizontallydifferentiated duopoly market with non … Cournotcompetition or Bertrand competition is ambiguous and depends on the probability ofsuccess in R&D but does not depend on the degree … of product differentiation. While‘static’ welfare is higher under Bertrand competition, we find that ‘dynamic’ welfare …
Persistent link: https://www.econbiz.de/10005868906
This paper shows the possibility of higher welfare under Cournot competitionin an asymmetric cost duopoly when the … under Cournotcompetition compared to Bertrand competition when the initial cost difference of thesefirms is moderate; but …, for very small or very large cost initial cost differences, welfare ishigher under Bertrand competition. If licensing …
Persistent link: https://www.econbiz.de/10005868909
children. We develop a Cournot model of a two-person household whereagents provide market labor and allocate their spending …
Persistent link: https://www.econbiz.de/10005869063
strategy chosen by i, and the sum ofthe strategies of all players in the game. Cournot oligopoly, public good provision …
Persistent link: https://www.econbiz.de/10005869076
Cournot model of a multi-personhousehold where food consumption is a domestic public good... …
Persistent link: https://www.econbiz.de/10005869215