Comparing Cournot and Bertrand Equilibria in the Presence of Spatial Barriers and R&D

Kuang Cheng Andy Wang, Yi Jie Wang, Wen Jung Liang*

*此作品的通信作者

研究成果: 期刊稿件文章同行評審

摘要

We compare the equilibria under Bertrand and Cournot competition in the spatial barbell model where spatial barriers and process R&D are involved. We show that when the market becomes more competitive by switching from Cournot to Bertrand competition, R&D investment may increase (decrease) depending upon a low (high) transport rate. Next, we find that under Cournot competition total output, consumer surplus, and welfare are higher, but profit is lower than is true for Bertrand competition, when the transport rate is high, which overturns the traditional result.

原文英語
頁(從 - 到)475-491
頁數17
期刊Review of Industrial Organization
58
發行號3
DOIs
出版狀態已出版 - 05 2021

文獻附註

Publisher Copyright:
© 2020, Springer Science+Business Media, LLC, part of Springer Nature.

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