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We model a vertically differentiated duopoly with quantity-setting firms as an extended game in which firms …
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differentiated duopoly where firms compete à la Cournot with fixed costs of quality improvement. We show that, if the weight of the …
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This paper aims at participating in the long-lasting debate about the analytical foundations of the Cournot equilibrium. In a homogeneous oligopoly, under standard regularity conditions, we prove that Cournot-Nash emerges both under (i) price competition and Cournot conjectures; and (ii) supply...
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