Asymmetric Duopoly under Different Market Structures

When goods are substitutes (complements), we find a clear price (output) ranking across five duopoly markets, namely Cournot, Bertrand, Cournot-Stackelberg, Bertrand-Stackelberg, and joint profit maximization. We explain these rankings in terms of levels of conjectural variation.

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Year of publication:	2010
Authors:	Jin, Jim Y. ; Parcero, Osiris J.
Published in:	International Journal of Business and Economics. - College of Business, ISSN 1607-0704. - Vol. 9.2010, 1, p. 45-56
Publisher:	College of Business
Subject:	market comparison \| price/output ranking \| conjectural variation

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L13 - Oligopoly and Other Imperfect Markets ; D43 - Oligopoly and Other Forms of Market Imperfection
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010598978