THE EQUIVALENCE OF BERTRAND EQUILIBRIUM IN A DIFFERENTIATED DUOPOLY AND COURNOT EQUILIBRIUM IN A DIFFERENTIATED OLIGOPOLY

This paper examines whether Bertrand equilibrium in a differentiated duopoly can be duplicated with Cournot competition or not. We show that the degree of product differentiation plays an important role in the duality between those equilibria. Our main claims are two. One is that there exists a uniq...

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Veröffentlicht in:	Theoretical and practical research in economic fields 2016-12, Vol.7 (2), p.146
Hauptverfasser:	LEE, DongJoon, HAN, Sangheon, ONO, Yuji, OH, Joonghwa
Format:	Artikel
Sprache:	eng
Schlagworte:	Duopoly Economic models Equilibrium Oligopoly Pricing policies Product differentiation Studies
Online-Zugang:	Volltext
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