, introducing incomplete information abour rivals' costs of production this conclusion does not always hold : in a homogeneous … duopoly, the Bertrand price is higher than the Cournot one if both firms have low costs of production and the costs are …

unfortunately it is an unobservable variable. Using three methodologies (production function, switching, and state-space), this …

It has been shown that under perfect competition and a Cobb-Douglas production function, a basic real business cycle … production functions, namely a constant elasticity of substitution production function. We show that the degree of … substitutability between production factors is a key ingredient to understand the (de)stabilising properties of a balanced-budget rule …