governments under subsidy regime, Cournot competition is more efficient than Bertrand competition when the goods are substitutes … is greater under Cournot competition than under Bertrand competition. … or quantities in a third market. We show that even though each firm can earn higher profits under Cournot competition …

governments under subsidy regime, Cournot competition is more efficient than Bertrand competition when the goods are substitutes … about a change in the competition mode from Bertrand competition to Cournot competition if goods are substitutes. On the … or quantities in a third market. We show that even though each firm can earn higher profits under Cournot competition …

Bertrand equilibria are in continuous mixed strategies, while every Cournot duopoly has an equilibrium in pure strategies, or …In a two-market Bertrand duopoly,each of two firms chooses one of two markets and a price in that market. All four … choices are made simultaneously. In a two-market Cournot duopoly, the firms choose quantities rather than prices.It is well …

competition than under Cournot competition, implying that the classical result of Singh and Vives (1984) that Bertrand prices are …Hackner (2000) shows that in a differentiated oligopoly with more than two firms , prices may be higher under Bertrand … always lower than Cournot prices is sensitive to the duopoly assumption. Hackner (2000), however, leaves unanswered the …

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. …

Duopoly competition can take different forms: Bertrand, Cournot, Bertrand-Stackelberg, Cournot-Stackelberg and joint …

MPE steady state outcome more competitive than static Bertrand competition. The static strategic complementarity in the …