Jin, Jim; Parcero, Osiris J. - Centre for Research into Industry, Enterprise, Finance … - 2006
Duopoly competition can take different forms: Bertrand, Cournot, Bertrand-Stackelberg, Cournot-Stackelberg and joint profit maximization. In comparing these market structures this paper make three contributions. First, we find a clear price (output) ranking among these five markets when goods...