Title: QUANTITY PRECOMMITMENT AND BERTRAND COMPETITION YIELD COURNOT OUTCOMES: A CASE WITH PRODUCT DIFFERENTIATION*
Abstract: Using a simple model of two‐stage duopoly game, this paper shows that Bertrand‐like price competition on a differentiated goods market, following a simultaneous endogenous choice of production capacity, yields the Cournot‐like outcomes.
Publication Year: 1997
Publication Date: 1997-06-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 21
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