PRICE AND QUANTITY COMPETITION UNDER FREE ENTRY

This paper shows that if number of firms is determined endogenously, Cournot competition generates higher welfare compared to Bertrand competition when products are sufficiently differentiated. If products are close substitutes, welfare is higher under Bertrand competition. We show that the qualitative results are robust with respect to different demand formulations...

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Year of publication:	2004
Authors:	Mukherjee, Arijit
Institutions:	University <Nottingham> / Department of Economics
Published in:	The University of Nottingham / School of Economics - discussion papers Discussion PaperNo. 04/05
Subject:	Wettbewerb \| market microstructure \| Beitritt \| Öffentliche Verwaltung \| public administration \| Preiswettbewerb \| search costs \| Quantität \| Quantity competition

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Extent:	238592 bytes 14 p. application/pdf
Type of publication:	Book / Working Paper
Language:	English
ISSN:	1360-2438
Classification:	D3 - Distribution ; L13 - Oligopoly and Other Imperfect Markets ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; Market research ; Terms and pricing policy ; Study of commerce ; Individual Reports, Studies ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005868798