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 …

model, two varieties of a Cournot model, and a perfect competition model – for computing spatial equilibria in international …

A Cournot duopoly, with a bounded inverse demand function and different constant marginal production costs, can be …

In this paper the dynamical effects of public environmental policies are investigated in a Cournot duopoly with …

periodic cycles and chaos. Therefore, although on the one side the capital regulation is harmful for the equilibrium loans …’ volume and profit, on the other side it is effective in keeping or restoring the stability of the Cournot-Nash equilibrium in …