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Bertrand competition in vertically related markets

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  • Tomomichi Mizuno
  • Kazuhiro Takauchi

Abstract

We build a successive Bertrand model with a homogenous good. We show that increasing the production efficiency of an industry can reduce firms’ profits. We also show that this result holds in the successive Cournot model. Hence, an industrial policy aimed at improving production efficiency may be undesirable for firms.

Suggested Citation

  • Tomomichi Mizuno & Kazuhiro Takauchi, 2024. "Bertrand competition in vertically related markets," Applied Economics Letters, Taylor & Francis Journals, vol. 31(6), pages 524-529, March.
    • Handle: RePEc:taf:apeclt:v:31:y:2024:i:6:p:524-529
    DOI: 10.1080/13504851.2022.2140101
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    Cited by:

    1. Kazuhiro Takauchi & Tomomichi Mizuno & Qing Hu, 2025. "Rules of origin and regional upstream competition," Discussion Papers 2519, Graduate School of Economics, Kobe University.
    2. Kazuhiro Takauchi & Tomomichi Mizuno & Katsufumi Fukuda, 2024. "Strategic export decisions in international trade," Discussion Papers 2401, Graduate School of Economics, Kobe University.

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