consumer welfare. The model consists of an investment stage with uncertain returns and subsequent quantity competition. The …

induces a negative effect on the profits of both media outlets, and increases price competition. Furthermore, the newspaper …

market where buyers only observe the average quality supplied. The model is a generalization of the standard Cournot duopoly …

This paper focuses both on the competition process and the firms liability in environmental protection and the … duopolistic competition model with strict liability, we show, first, that the way the firms assess the environmental question is …

of these instruments in the competition between banking firms. We use a duopolistic version of the industrial … organization approach to banking to find out that credit derivatives may influence banking competition. For this result to hold …

loss that arises from more intense market competition: the low-cost firms' profits may indeed increase with the number of …

How do financial constraints influence innovative activities of firms? In a two-period model of price competition with … and might even become a monopolist in the second period of competition. If we finally assume that both firms are …

&D investment and their product market activities. Firstly, we find that in Cournot-quantity competition, owners strategically … compared to R&D competition, which in turn leads to increased R&D investment, reduced product prices and increased profits. …

duopoly where firms compete in two spatially separated markets. We show that firms always have nonnegative incentives to … strategies (most likely with digital products) and quantity competition (capacity decisions for physical products). Based on … elektronische Koordination und in verstärkte Produktdifferenzierung in einem Duopol mit räumlich getrennten Märkten. Wir zeigen …