Arbeitspapier
Dynamic Efficiency of Product Market Competition
We consider the efficiency of Cournot and Bertrand equilibria in a duopoly with substitutable goods where firms invest in process R&D. Under Cournot competition firms always invest more in R&D than under Bertrand competition. More importantly, Cournot competition yields lower prices than Bertrand competition when the R&D production process is efficient, when spillovers are substantial, and when goods are not too differentiated. The range of cases for which total surplus under Cournot competition exceeds that under Bertrand competition is even larger as competition over quantities always yields the largest producers' surplus.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 07-097/1
- Klassifikation
-
Wirtschaft
Oligopoly and Other Imperfect Markets
- Thema
-
Bertrand competition
Cournot competition
process R&D
efficiency
Wettbewerb
Duopol
Technischer Fortschritt
Spillover-Effekt
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hinloopen, Jeroen
Vandekerckhove, Jan
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hinloopen, Jeroen
- Vandekerckhove, Jan
- Tinbergen Institute
Entstanden
- 2007
Ähnliche Objekte (12)
Product Market Competition and Trade Union Structure
Competition for a Prize
Price Competition on Graphs
A Dynamic Utility Maximization Model for Product Category Consumption
Competition Policy for High Technology Industries
Forecasting Dynamic Market Share Relationships
Competition in Multi-Modal Transport Networks: A Dynamic Approach
Aggregate Risk and Efficiency of Mutual Funds
Stochastic Dominance: Convexity and Some Efficiency Tests
Does Competition make Banks more Risk-seeking?
On the Benefits of Being Alone: Scheduling Changes, Intensity of Competition and Dynamic Airline Pricing
Nearly Unbiased Estimationin Dynamic Panel Data Models
Product Market Competition and Trade Union Structure
Competition for a Prize
Price Competition on Graphs
A Dynamic Utility Maximization Model for Product Category Consumption
Competition Policy for High Technology Industries
Forecasting Dynamic Market Share Relationships
Competition in Multi-Modal Transport Networks: A Dynamic Approach
Aggregate Risk and Efficiency of Mutual Funds
Stochastic Dominance: Convexity and Some Efficiency Tests
Does Competition make Banks more Risk-seeking?
On the Benefits of Being Alone: Scheduling Changes, Intensity of Competition and Dynamic Airline Pricing
Nearly Unbiased Estimationin Dynamic Panel Data Models
Product Market Competition and Trade Union Structure
Competition for a Prize
Price Competition on Graphs
A Dynamic Utility Maximization Model for Product Category Consumption
Competition Policy for High Technology Industries
Forecasting Dynamic Market Share Relationships
Competition in Multi-Modal Transport Networks: A Dynamic Approach
Aggregate Risk and Efficiency of Mutual Funds
Stochastic Dominance: Convexity and Some Efficiency Tests
Does Competition make Banks more Risk-seeking?
On the Benefits of Being Alone: Scheduling Changes, Intensity of Competition and Dynamic Airline Pricing