reexamines the debate as to whether firms use price or advertising to signal quality and whether advertising has pro- or anti …-competitive effects. We show that the signaling theory strongly predicts that advertising signals quality if price rivalry prevails, in … contrast to single-firm models. Under price rivalry, price signaling prevails for sufficient inter-brand quality differences …

or quantities in a third market. We show that even though each firm can earn higher profits under Cournot competition … governments under subsidy regime, Cournot competition is more efficient than Bertrand competition when the goods are substitutes …, and vice versa when the goods are complements. For this, from the aspects of firms, the Cournot equilibrium could be …

or quantities in a third market. We show that even though each firm can earn higher profits under Cournot competition … governments under subsidy regime, Cournot competition is more efficient than Bertrand competition when the goods are substitutes … about a change in the competition mode from Bertrand competition to Cournot competition if goods are substitutes. On the …

We embed signaling in the classical Cournot model in which several firms sell a homogeneous good. The quality is known … quantity decision. We characterize the unique signaling Cournot equilibrium in which the price signals quality to the … to all the firms, but only to some buyers. The quantity-setting firms can manipulate the price to signal quality. Because …

We embed signaling in the classical Cournot model in which several firms sell a homogeneous good. The quality is known … quantity decision. We characterize the unique signaling Cournot equilibrium in which the price signals quality to the … to all the firms, but only to some buyers. The quantity-setting firms can manipulate the price to signal quality. Because …

The present study analyses the dynamics of a nonlinear Cournot duopoly with managerial delegation and bounded rational …

constant returns to scale and an environment in which competition is made a la Cournot. Este artículo modela los posibles … Cournot. …

of quality development. These domestic firms can purchase a superior foreign technology through licensing. Outcomes … between Bertrand and Cournot competition are compared. We find that licensing raises domestic welfare, and domestic welfare is … higher in Bertrand than in Cournot competition regardless of whether or not domestic firms engage in licensing. Non …