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. …

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. …

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. …

Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to … Bertrand competition if the upstream firm subsidises the quantity setting downstream firm’s production via negative wholesale …

Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to … Bertrand competition if the upstream firm subsidises the quantity setting downstream firm's production via negative wholesale …

The present paper compares the Cournot and Bertrand equilibrium outcomes and social welfare in vertically related …, the consumers' surplus and the social welfare are always higher under Cournot final market competition than under Bertrand … final market competition. On the contrary the equilibrium profits of the upstream monopolist under Bertrand market …

Cournot (Bertrand) competition. The first (second)-mover advantage compels its manufacturer to set the wholesale price higher … Stackelberg Cournot (Bertrand) competition earns higher profits than the other in which its retailer moves first (second) in a … downstream Stackelberg Cournot (Bertrand) competition. …