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In the presence of network externalities, we compare the stability of collusion under Bertrand and Cournot duopoly with differentiated products. Contrast to previous studies, we show that (i) firms have stronger incentive to collude under Bertrand competition than under Cournot competition in...
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side and competitive behavior and a partial cartel agreement from another side. The main differences between the scenarios … equilibrium prices were examined. Cases whereby firms prefer to leave the cartel were investigated. Best locations for the setting …
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