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. …

the subsidy equivalence between Cournot (Bertrand) private leadership and simultaneous Bertrand (Cournot) under duopoly …

This paper compares Cournot and Bertrand equilibria in a downstream differentiated duopoly in which the input price … that the standard result that Cournot equilibrium profits exceed those under Bertrand competition - when the differentiated … duopoly game is played in imperfect substitutes - is reversible. Whether equilibrium profits are higher under Cournot or …

This paper extends the Cournot and Bertrand models of strategic interaction between firms by assuming that managers are … paper finds that if firms with reciprocal managers compete à la Cournot, then they may be able to sustain “collusive … reciprocity equilibrium. If there is Cournot competition between firms and their managers are averse to advantageous …

behavior in the two competitive settings and lead all firms in oligopoly to gain higher profits in Cournot than in Bertrand … and Mitra (2010). In duopoly, aggregate profits are equivalent in Cournot and Bertrand. …

that, according to the value of θ, the market can reach a very large set of symmetric equilibria. Both the Bertrand and … the Cournot outcomes can emerge as equilibria of the game. In addition to these the price game can determine an …

from the Cournot-Bertrand dispute and the stream of research it gave birth to, this survey shows that we are far from …

This paper revisits the classic profit-ranking of Cournot and Bertrand equilibria and the issue of endogenous choice of … profit under Bertrand competition than that under Cournot competition and (b) firms face a prisoners' dilemma type of …

between Bertrand and Cournot competition are compared. We find that licensing raises domestic welfare, and domestic welfare is … higher in Bertrand than in Cournot competition regardless of whether or not domestic firms engage in licensing. Non …