. The application of focus for Cournot competition is power markets while that for Bertrand competitionis product design. We …The focus of this research is on the analysis and computation of equilibria in noncooperative Cournot and Bertrandgames … consider Cournot-based models for strategic behavior in power markets while Bertrandbasedmodels are employed for analyzing the …

This paper demonstrates that the standard conclusions regarding the comparison of Cournot and Bertrand competition are … Cournot competition yields higher output, lower wholesale prices, lower final prices, higher consumers' surplus, and higher … total welfare than Bertrand competition. …