allow for elastic demand functions. A Bertrand-type model and a Cournot-type model are considered. If firms choose location … in Cournot than Bertrand under the whole parameters’ set. We also study the impact of firms’ location on perfect …

infinity. In the limit, a range of outcomes stretching from Cournot via Stackelberg to Bertrand can result in equilibrium, i …-stage game, the set of outcomes is a quasi-hyperrectangle including Cournot, Allaz-Vila, and all two-stage Stackelberg outcomes …. In general, it consists of T-1 such hyperrectangles where the lower bound approaches the Bertrand outcome as T tends to …