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Persistent link: https://www.econbiz.de/10011786554
In this paper, we provide a welfare ranking for the equilibria of the supply function and quantity competitions in a differentiated product duopoly with demand uncertainty. We prove that the expected consumer surplus is always higher under the supply function competition, irrespective of whether...
Persistent link: https://www.econbiz.de/10011891023
Persistent link: https://www.econbiz.de/10012305053
Persistent link: https://www.econbiz.de/10014226023
In this paper, we provide a welfare ranking for the equilibria of the supply function and quantity competitions in a differentiated product duopoly with demand uncertainty. We prove that the expected consumer surplus is always higher under the supply function competition, irrespective of whether...
Persistent link: https://www.econbiz.de/10012227715