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of moves to show thati) Cournot competition is not the subgame perfect Nash equilibriumof the extended game, ii) the only …
Persistent link: https://www.econbiz.de/10005868901
This article tests the modell of Brander and lewis under ertrand and Cournot competition. …
Persistent link: https://www.econbiz.de/10005840866
We show the effects of Bertrand and Cournot competition on R&D investmentand social welfare in a duopoly with R …&D competition where success in R&D isprobabilistic. We show that R&D investments are higher under Bertrand (Cournot)competition when … Cournot competition can generate highersocial welfare in absence of knowledge spillover and this happens if R&D is drastic …
Persistent link: https://www.econbiz.de/10005868763
We show the welfare effects of entry in presence of technology licensingunder Cournot competition. If the entrant is …
Persistent link: https://www.econbiz.de/10005868772
This paper demonstrates that the standard conclusions regarding the comparison of Cournot and Bertrand competition are … Cournot competition yields higher output, lower wholesale prices, lower final prices, higher consumers' surplus, and higher …
Persistent link: https://www.econbiz.de/10010351502
generally more competitive than the Cournot outcome, irrespective of whether the Cournot outcome is the Nash equilibrium or not …. Nevertheless, the Cournot model entails some predictive power. Exact Cournot choices are more likely to occur for both capacities … and prices under efficient demand rationing, where the Cournot outcome is the equilibrium, than under proportional …
Persistent link: https://www.econbiz.de/10011411149
the relative profitability of Cournot vs. Bertrand when a per unit royalty is applied. By contrast, we find that Cournot …
Persistent link: https://www.econbiz.de/10012306713
Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to …
Persistent link: https://www.econbiz.de/10011569602
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our …
Persistent link: https://www.econbiz.de/10013295651
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our …
Persistent link: https://www.econbiz.de/10014487322