ABSTRACT: In a vertical structure with a profit†maximizing upstream firm, we show that whether the profits in the downstream market are higher under Bertrand competition or under Cournot competition ...
Jan Bouckaert, University of Antwerp – Department of Economics, Hans Degryse, KU Leuven – Faculty of Business and Economics (FBE) and Theon Van Dijk, Lexonomics analyze Bertrand Competition with an ...
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