The equilibrium prices for the Bertrand price and Cournot quantity models are compared for international duopoly with multimarkets. It is shown that the equilibrium Bertrand prices are lower than the equilibrium Cournot prices if our global stability condition is satisfied for the equilibrium Bertrand prices, and if, in addition, a mild restriction is imposed on each firm's price responses to changes in its rival's prices. [610]
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Volume (Year): 3 (1989) Issue (Month): 4 (December) Pages: 61-68 Download reference. The following formats are available: HTML
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