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Technology adoption in a differentiated duopoly: Cournot versus Bertrand

✍ Scribed by Rupayan Pal


Book ID
113878029
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
467 KB
Volume
64
Category
Article
ISSN
1090-9443

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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