Comparison of Bertrand and Cournot Profits - Electronic Companion
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Union Bargaining in an Oligopoly Market with Cournot-Bertrand Competition: Welfare and Policy Implications
We investigate the welfare effect of union activity in a relatively new oligopoly model, the Cournot-Bertrand model, where one firm competes in output (a la Cournot) and the other firm competes in price (a la Bertrand). The Nash equilibrium prices, outputs, and profits are quite diverse in this model, with the competitive advantage going to the Cournot-type competitor. A comparison of the resul...
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