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Existence of equilibrium and comparative statics in differentiated goods Cournot oligopolies

✍ Scribed by Steffen H. Hoernig

Book ID
117360965
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
269 KB
Volume
21
Category
Article
ISSN
0167-7187

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This paper considers a differentiated nonrenewable natural resource duopoly. The outcome of a Cournot type game, where both producers compete in quantities, is compared to that of a Bertrand type game, where both producers compete in prices. It is shown that a Cournot game yields a higher present va