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. …

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. …

The present paper compares the Cournot and Bertrand equilibrium outcomes and social welfare in vertically related …, the consumers' surplus and the social welfare are always higher under Cournot final market competition than under Bertrand … final market competition. On the contrary the equilibrium profits of the upstream monopolist under Bertrand market …

Cournot (Bertrand) competition. The first (second)-mover advantage compels its manufacturer to set the wholesale price higher … Stackelberg Cournot (Bertrand) competition earns higher profits than the other in which its retailer moves first (second) in a … downstream Stackelberg Cournot (Bertrand) competition. …

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 …

This paper extends the Cournot and Bertrand models of strategic interaction between firms by assuming that managers are … paper finds that if firms with reciprocal managers compete à la Cournot, then they may be able to sustain “collusive … reciprocity equilibrium. If there is Cournot competition between firms and their managers are averse to advantageous …

behavior in the two competitive settings and lead all firms in oligopoly to gain higher profits in Cournot than in Bertrand … and Mitra (2010). In duopoly, aggregate profits are equivalent in Cournot and Bertrand. …