-good Bertrand model intensifies competition: it lowers price and raises total surplus (but also makes profits go up). For some … Hansen's results for the relationship between uncertainty and competition in the Bertrand model. Second, it shows that his … asymmetry is large enough, however, industry profits are lower under uncertainty. This is in contrast to the known results and …

Unlike standard auctions, we show that competitive procurement may optimally limit competition or use inefficient … auction to guard against firms bidding low to win the contract and then cutting back on effort. While competition helps reduce …