This paper compares Cournot and Bertrand equilibria in a downstream differentiated duopoly in which the input price … that the standard result that Cournot equilibrium profits exceed those under Bertrand competition - when the differentiated … duopoly game is played in imperfect substitutes - is reversible. Whether equilibrium profits are higher under Cournot or …

that, according to the value of θ, the market can reach a very large set of symmetric equilibria. Both the Bertrand and … the Cournot outcomes can emerge as equilibria of the game. In addition to these the price game can determine an …

allow for elastic demand functions. A Bertrand-type model and a Cournot-type model are considered. If firms choose location … in Cournot than Bertrand under the whole parameters’ set. We also study the impact of firms’ location on perfect …

We revisit the classic comparison between Bertrand and Cournot outcomes in a mixed market with private and public firms … differentiated duopoly setting, partial privatization always improves welfare in Cournot but not necessarily in Bertrand competition. …-maximizing public firm's price is strictly lower while its output is strictly higher in Cournot competition. And whereas the private …

Bertrand equilibria are in continuous mixed strategies, while every Cournot duopoly has an equilibrium in pure strategies, or …In a two-market Bertrand duopoly,each of two firms chooses one of two markets and a price in that market. All four … choices are made simultaneously. In a two-market Cournot duopoly, the firms choose quantities rather than prices.It is well …

competition than under Cournot competition, implying that the classical result of Singh and Vives (1984) that Bertrand prices are …Hackner (2000) shows that in a differentiated oligopoly with more than two firms , prices may be higher under Bertrand … always lower than Cournot prices is sensitive to the duopoly assumption. Hackner (2000), however, leaves unanswered the …

. The model also points out that the intense competition associated with Bertrand-like settings depends largely on the …

and price-setting (Bertrand) firms. Both taxes may be passed on to consumers by more than 100 percent, and an increase in …, the analysis largely corroborates Cournot results with homogeneous demand. …