A Correction to 'Bertrand Competition and Cournot Outcomes: Further Results'

Name: Work Video:
Duration: 3 min 30 s
Description: Before solving the capacity-pricing game for oligopoly, Boccard and Wauthy (2000) argue that, as under duopoly, at a mixed-strategy equilibrium of the pricing game the largest firm's payoff equals the Stackelberg follower profit. We point to a nontrivial mistake in their argument and see how this important property can be satisfactorily established.
Massimo A. De Francesco
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