Bertrand-Cournot profit reversal in a vertical structure with cross ownership☆

被引：2
作者：
Mukherjee, Arijit [1 ,2 ,3 ,6 ]
Wang, Leonard F. S. [4 ]
Sun, Ji [5 ]
机构：
[1] Univ Nottingham, Business Sch, Jubilee Campus,Wollaton Rd, Nottingham NG8 1BB, England
[2] CESifo, Munich, Germany
[3] INFER, Cologne, Germany
[4] Zhongnan Univ Econ & Law, Wenlan Sch Business, Wuhan, Peoples R China
[5] Hubei Univ Technol, Sch Econ & Management, Wuhan, Peoples R China
[6] City Univ Hong Kong, GRU, Hong Kong, Peoples R China
来源：
ECONOMICS LETTERS | 2024年 / 238卷
关键词：
Bertrand competition; Cournot competition; Cross ownership; Profit; Two-tier industry; DIFFERENTIATED DUOPOLY; QUANTITY COMPETITION; PRICE;
D O I：
10.1016/j.econlet.2024.111681
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We provide a new reason for Bertrand-Cournot profit reversal. In a two-tier industry with a profit-maximising input supplier and symmetric final good producers, we show that the profit reversal occurs under passive cross ownership among firms.
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页数：5
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