We compare a Bertrand with a Cournot duopoly in a setting where production is polluting and exploits natural resources …, and firms bear convex production costs. We adopt Dastidar's (1995) approach, yielding a continuum of Bertrand …

uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition … private signals or more correlation among the costs parameters. In fact, for large values of noise or correlation supply …

A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have … with more noise in the private signals or more correlation among the costs parameters. In fact, for large values of noise …

This paper studies the welfare consequences of a vertical merger that raises rivals costs when downstream competition … is à la Cournot between firms with constant asymmetric marginal costs. The main result is that such a vertical merger can … paid by the non-merging firms the merger thereby shifts production away from those relatively inefficient producers in …