On the Dynamic Analysis of Cournot-Bertrand Equilibria
| dc.contributor.author | Semenov, Aggey | |
| dc.contributor.author | Tondji, Jean-Baptiste | |
| dc.date.accessioned | 2020-04-06T14:51:52Z | |
| dc.date.available | 2020-04-06T14:51:52Z | |
| dc.date.issued | 2019 | |
| dc.description.abstract | 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. | en_US |
| dc.identifier.uri | http://hdl.handle.net/10393/40317 | |
| dc.identifier.uri | https://doi.org/10.20381/ruor-24550 | |
| dc.language.iso | en | en_US |
| dc.subject | Cournot-Bertrand model | en_US |
| dc.subject | product differentiation | en_US |
| dc.subject | R&D | en_US |
| dc.subject | Welfare | en_US |
| dc.title | On the Dynamic Analysis of Cournot-Bertrand Equilibria | en_US |
| dc.type | Working Paper | en_US |
