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Comparing Cournot And Bertrand Equilibria In A Differentiated Duopoly With Product Rd
Download Comparing Cournot And Bertrand Equilibria In A Differentiated Duopoly With Product Rd full books in PDF, epub, and Kindle. Read online Comparing Cournot And Bertrand Equilibria In A Differentiated Duopoly With Product Rd ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Comparing Cournot and Bertrand Equilibria in a Differentiated Duopoly with Product R&D by : George Symeonidis
Download or read book Comparing Cournot and Bertrand Equilibria in a Differentiated Duopoly with Product R&D written by George Symeonidis and published by . This book was released on 2002 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Differentiated Duopoly with Asymmetric Costs by : Piercarlo Zanchettin
Download or read book Differentiated Duopoly with Asymmetric Costs written by Piercarlo Zanchettin and published by . This book was released on 2003 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Welfare Analysis of a Linear Duopoly with Product Differentiation by : Nirvikar Singh
Download or read book Welfare Analysis of a Linear Duopoly with Product Differentiation written by Nirvikar Singh and published by . This book was released on 1983 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Differentiated Duopoly with Asymmetric Costs by : Piercarlo Zanchettin
Download or read book Differentiated Duopoly with Asymmetric Costs written by Piercarlo Zanchettin and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we compare Bertrand and Cournot equilibria in a differentiated duopoly with linear demand and cost functions. We extend the Singh and Vives (1984) model by allowing for a wider range of cost and demand (product quality) asymmetry between firms. Focusing on the case of substitute goods, we show that both the efficient firm's profits and industry profits are higher under Bertrand competition when asymmetry is strong and/or products are weakly differentiated. Therefore, Singh and Vives's ranking of profits between the two modes of competition is reversed in a sizeable portion of the relevant parameter space. Contrary to the standard result with symmetric firms, we also show that product differentiation can reduce both the efficient firm's and industry profits, implying that a local incentive towards less differentiation may arise.
Book Synopsis The Cournot-Bertrand Profit Differential by : Monica Correa Lopez
Download or read book The Cournot-Bertrand Profit Differential written by Monica Correa Lopez and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dynamic Efficiency of Product Market Competition by : Jeroen Hinloopen
Download or read book Dynamic Efficiency of Product Market Competition written by Jeroen Hinloopen and published by . This book was released on 2007 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes by : Xiangkang Yin
Download or read book Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes written by Xiangkang Yin and published by . This book was released on 1995 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis On the Efficiency of Bertrand and Cournot Equilibria with Product Differentiation by : Xavier Vives
Download or read book On the Efficiency of Bertrand and Cournot Equilibria with Product Differentiation written by Xavier Vives and published by . This book was released on 1984 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Intermediate Microeconomics by : Patrick M. Emerson
Download or read book Intermediate Microeconomics written by Patrick M. Emerson and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economic Theory of Product Differentiation by : John Beath
Download or read book The Economic Theory of Product Differentiation written by John Beath and published by Cambridge University Press. This book was released on 1991-02-22 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.
Book Synopsis Endogenous Horizontal Product Differentiation Under Bertrand and Cournot Competition by : James A. Brander
Download or read book Endogenous Horizontal Product Differentiation Under Bertrand and Cournot Competition written by James A. Brander and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a new and simple model of endogenous horizontal product differentiation based on a standard demand structure derived from quadratic utility. One objective of the paper is to explain the "empirical Bertrand paradox" - the failure to observe homogeneous product Bertrand oligopoly, while homogeneous product Cournot oligopoly has significant empirical relevance. In our model firms invest in product differentiation if differentiation investments are sufficiently effective (i.e. if differentiation is not too costly). The threshold level of differentiation effectiveness needed to induce such investments is an order of magnitude less for Bertrand firms than for Cournot firms. Thus there is a wide range over which Bertrand firms differentiate their products but Cournot firms do not. If Cournot firms do choose to differentiate their products, corresponding Bertrand firms always differentiate more. We also establish the important insight that if product differentiation is endogenous Bertrand firms may charge higher prices and earn higher profits than corresponding Cournot firms, in contrast to the general presumption that Bertrand behavior is more competitive than Cournot behavior. Interestingly, consumer surplus increases with differentiation in the Cournot model but, due to sharply increasing prices, decreases with differentiation in the Bertrand model.
Book Synopsis Regularity Results for Nonlinear Elliptic Systems and Applications by : Alain Bensoussan
Download or read book Regularity Results for Nonlinear Elliptic Systems and Applications written by Alain Bensoussan and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects many helpful techniques for obtaining regularity results for solutions of nonlinear systems of partial differential equations. These are applied in various cases to provide useful examples and relevant results, particularly in such fields as fluid mechanics, solid mechanics, semiconductor theory and game theory.
Book Synopsis Cooperative R&D Versus R&D-subsidies by : Jeroen Hinloopen
Download or read book Cooperative R&D Versus R&D-subsidies written by Jeroen Hinloopen and published by . This book was released on 1995 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oligopoly Pricing written by Xavier Vives and published by MIT Press (MA). This book was released on 1999 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applies a modern game-theoretic approach to develop a theory of oligopoly pricing. The text relates classic contributions to the field of modern game theory and discusses basic game-theoretic tools and equilibrium, paying particular attention to developments in the theory of supermodular games.
Book Synopsis Ranking Supply Function and Cournot Equilibria in a Differentiated Product Duopoly With Demand Uncertainty by : Ismail Saglam
Download or read book Ranking Supply Function and Cournot Equilibria in a Differentiated Product Duopoly With Demand Uncertainty written by Ismail Saglam and published by . This book was released on 2018 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we provide a welfare ranking for the equilibria of the supply function and quantity competitions in a differentiated product duopoly with demand uncertainty. We prove that the expected consumer surplus is always higher under the supply function competition. By numerical simulations, we also show that if the degree of product substitution is extremely low, then the supply function competition can become a superior form of competition for the duopolistic producers, as well. However, if the degree of product substitution is not extremely low, then the expected producer profits under the supply function competition can be lower than under the quantity competition in situations where the size of the demand uncertainty is below a critical level. We find that this critical level is non-decreasing in the degree of product substitution, while non-increasing both in the marginal cost of producing a unit output and in the own-price sensitivity of each inverse demand curve. Our results imply that in electricity markets with differentiated products, the regulators should not intervene to impose the quantity competition in favor of the supply function competition unless the degree of product substitution is sufficiently high and the predicted demand fluctuations are sufficiently small.
Book Synopsis Technology and Market Structure by : John Sutton
Download or read book Technology and Market Structure written by John Sutton and published by MIT Press. This book was released on 2001-01-26 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Sutton sets out a unified theory that encompasses two major approaches to studying market, while generating a series of novel predictions as to how markets evolve. Traditionally, the field of industrial organization has relied on two unrelated theories—the cross-section theory and the growth-of-firms theory—to explain cross-industry differences in concentration and within-industry skewness. The two approaches are based on very different mathematical structures and few researchers have attempted to relate them to each other. In this book, John Sutton unifies the two approaches through a theory that rests on three simple principles. The first two, a "survivor principle" that says that firms will not pursue loss-making strategies, and an "arbitrage principle" that says that if a profitable opportunity is available, some firm will take it, suffice to define a set of possible outcomes. The third, the "symmetry principle," says that the strategy used by a new entrant into any submarket depends neither on the entrants identity nor on its history in other submarkets. This allows researchers to bring together the roles of strategic interactions and of independence effects. The result is that the considerations motivating the cross-section tradition and those motivating the growth-of-firms tradition both drop out within a single game-theoretic model. This book follows Sutton's Sunk Costs and Market Structure, published by MIT Press in 1991.
Book Synopsis Collusion in Differentiated Duopolies with Quadratic Costs by : David Collie
Download or read book Collusion in Differentiated Duopolies with Quadratic Costs written by David Collie and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The analysis of collusion in infinitely repeated duopoly games has generally assumed that marginal cost is constant, but this note uses quadratic costs (linear marginal costs) to compare the sustainability of collusion under Bertrand and Cournot duopoly with differentiated products. It is shown that when marginal costs are sufficiently increasing in output, then it is always easier to sustain collusion under Cournot duopoly than under Bertrand duopoly for any degree of product substitutability.
