Sanner, Helge - Lehrstuhl für Volkswirtschaftslehre, insbesondere … - 2005
If we take into account the spatial dimension of markets, prices of incumbent firms may be higher, and consumer surplus may be lower with competition. This result obtains unambiguously, even in the highly competitive case of Bertrand competition. <P> In Mikro- und Industrieökonomik ist scheinbar...</p>