Arbeitspapier
Comparing Cournot and Bertrand equilibria revisited
This paper compares Cournot and Bertrand equilibria with mixed products, linear demand and cost functions. It is found that a firm's price (output) need not be higher (lower) in Cournot equilibrium. However, given any number of firms and a mixture of complement and substitute products, every firm's price margin/output ratio is always higher in Cournot equilibrium, and the weighted squared outputs (price margins) are higher (lower) in Bertrand equilibrium. When price (quantity) competition is a supermodular game, consumer surplus (social welfare) is higher in price competition. Nevertheless, price competition results in more market concentration measured by Herfindahl index.
- Sprache
-
Englisch
- Erschienen in
-
Series: WZB Discussion Paper ; No. FS IV 97-4
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Jin, Jim Y.
- Ereignis
-
Veröffentlichung
- (wer)
-
Wissenschaftszentrum Berlin für Sozialforschung (WZB)
- (wo)
-
Berlin
- (wann)
-
1997
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 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
- Jin, Jim Y.
- Wissenschaftszentrum Berlin für Sozialforschung (WZB)
Entstanden
- 1997
Ähnliche Objekte (12)
Ranking Bertrand, Cournot and Supply Function Equilibria in Oligopoly
Bertrand colludes more than Cournot
Bertrand Vs. Cournot: An Evolutionary Approach
Multiplicity of Cournot Equilibria and Involuntary Unemployment
Bertrand versus Cournot with Convex Variable Costs
Reconciling Cournot and Bertrand Outcomes: A Review
On Cournot and Bertrand competition in collusive mixed oligopolies
Cournot Vs Stackelberg Equilibria With Entrepreneurial and Labour Managed Firms
Some forgotten equilibria of the Bertrand duopoly!?
Cartel Stability Under Vertical Differentiation and Convex costs: Bertrand vs Cournot
The Environmental Impact of Bertrand and Cournot Duopolies. A Cautionary Note
Dynamic efficiency of Cournot and Bertrand competition: input versus output spillovers
Ranking Bertrand, Cournot and Supply Function Equilibria in Oligopoly
Bertrand colludes more than Cournot
Bertrand Vs. Cournot: An Evolutionary Approach
Multiplicity of Cournot Equilibria and Involuntary Unemployment
Bertrand versus Cournot with Convex Variable Costs
Reconciling Cournot and Bertrand Outcomes: A Review
On Cournot and Bertrand competition in collusive mixed oligopolies
Cournot Vs Stackelberg Equilibria With Entrepreneurial and Labour Managed Firms
Some forgotten equilibria of the Bertrand duopoly!?
Cartel Stability Under Vertical Differentiation and Convex costs: Bertrand vs Cournot
The Environmental Impact of Bertrand and Cournot Duopolies. A Cautionary Note
Dynamic efficiency of Cournot and Bertrand competition: input versus output spillovers
Ranking Bertrand, Cournot and Supply Function Equilibria in Oligopoly
Bertrand colludes more than Cournot
Bertrand Vs. Cournot: An Evolutionary Approach
Multiplicity of Cournot Equilibria and Involuntary Unemployment
Bertrand versus Cournot with Convex Variable Costs
Reconciling Cournot and Bertrand Outcomes: A Review
On Cournot and Bertrand competition in collusive mixed oligopolies
Cournot Vs Stackelberg Equilibria With Entrepreneurial and Labour Managed Firms
Some forgotten equilibria of the Bertrand duopoly!?
Cartel Stability Under Vertical Differentiation and Convex costs: Bertrand vs Cournot
The Environmental Impact of Bertrand and Cournot Duopolies. A Cautionary Note