Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes: A Case with Product Differentiation
9 Pages Posted: 16 Mar 2011
Date Written: March 19, 2008
Abstract
Using a simple model of two-stage duopoly game, this paper shows that Bertrand-like price competition on a differentiated goods market, following a simultaneous endogenous choice of production capacity, yields the Cournot-like outcomes.
Suggested Citation: Suggested Citation
Yin, Xiangkang and Yew-Kwang, Ng, Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes: A Case with Product Differentiation (March 19, 2008). Australian Economic Papers, Vol. 36, Issue 68, pp. 14-22, 2008, Available at SSRN: https://ssrn.com/abstract=1786209 or http://dx.doi.org/10.1111/j.1467-8454.1997.tb00816.x
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Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes: A Case with Product Differentiation
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