Browsing by Title "On Welfare under Cournot and Bertrand Competition in Differentiated Oligopolies"
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On Welfare under Cournot and Bertrand Competition in Differentiated Oligopolies
(Department of Economics, 2005)Häckner (2000) shows that in a differentiated oligopoly with more than two firms , prices may be higher under Bertrand competition than under Cournot competition, implying that the classical result of Singh and Vives (1984) ...