Cournot vs. Bertrand under centralised bargaining

被引：14

作者：

Basak, Debasmita ^{[1
,2
]}

机构：

[1] Swansea Univ, Swansea, W Glam, Wales

[2] Swansea Univ, Sch Management, Dept Econ, Fabian Way, Swansea SA1 8EN, W Glam, Wales

来源：

ECONOMICS LETTERS | 2017年 / 154卷

关键词：

Bargaining; Bertrand; Cournot; Centralised bargaining; Vertical pricing; Welfare; DIFFERENTIATED DUOPOLY; QUANTITY COMPETITION; VERTICAL STRUCTURE; PRICE;

D O I：

10.1016/j.econlet.2017.02.031

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We revisit the debate on Cournot and Bertrand profit comparison in a vertically related upstream market for inputs. We find that when an input pricing contract is determined through centralised bargaining, the final goods producers earn higher (lower) profit under quantity competition than under price competition if the goods are substitutes (complements). Our results are strikingly different to the ones obtained from a similar comparison in other vertical pricing models. (C) 2017 Elsevier B.V. All rights reserved.

引用

页码：124 / 127

页数：4

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