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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. …
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We study the collusive efficacy of competition clauses (CC) such as the meeting competition clause (MCC) and the … beating competition clauses (BCC) in a general framework. In contrast to previous theoretical studies, we allow for repeated …
Persistent link: https://www.econbiz.de/10012546930
competition in both markets. I consider a demand structure where both Cournot and Bertrand competition can be evaluated. Bundling … is completely ineffective when firms compete in quantities. On the contrary, under Bertrand competition, selling the two …
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This paper studies how selling constraints, which refer to the inability of firms to attend to all the buyers who want to inspect their products, affect the equilibrium price and social welfare. We show that the price that maximizes social welfare is greater than the marginal cost. This is...
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We study the competition between two remanufacturers in the acquisition of used products and the sales of …
Persistent link: https://www.econbiz.de/10012149627