On the Dynamic Analysis of Cournot-Bertrand Equilibria

被引：10

作者：

Semenov, Aggey ^{[1
]}

Tondji, Jean-Baptiste ^{[2
]}

机构：

[1] Univ Ottawa, Dept Econ, Ottawa, ON, Canada

[2] Univ Texas Rio Grande Valley, Robert C Vackar Coll Business & Entrepreneurship, Dept Econ & Finance, 1201 West Univ Dr,ECOBE 216, Edinburg, TX 78539 USA

来源：

ECONOMICS LETTERS | 2019年 / 183卷

关键词：

Cournot-Bertrand model; Product differentiation; R&D; Welfare; QUANTITY COMPETITION; PRICE;

D O I：

10.1016/j.econlet.2019.108549

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We consider a setting where firms in the first stage invest in cost-reducing R&D. In the market stage, one firm sets a quantity, and another sets a price. We prove that the quantity-setting firm invests more in R&D, has a lower price, and produces higher quantity than the price-setting firm. We also consider welfare implications. (C) 2019 Elsevier B.V. All rights reserved.

引用

页数：5

共 9 条

[1]

Flath D., 2012, Jpn. Econ., V39, P3

[2] PRICE-COMPETITION VS QUANTITY COMPETITION - THE ROLE OF UNCERTAINTY [J].