Asymmetric Duopoly under Different Market Structures
When goods are substitutes (complements), we find a clear price (output) ranking across five duopoly markets, namely Cournot, Bertrand, Cournot-Stackelberg, Bertrand-Stackelberg, and joint profit maximization. We explain these rankings in terms of levels of conjectural variation.
Volume (Year): 9 (2010)
Issue (Month): 1 (April)
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