Cournot vs. Bertrand under centralised bargaining

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Cournot vs. Bertrand under centralised bargaining

We revisit the debate on Cournot and Bertrand profit comparison in a vertically related upstream market for inputs. We find that when an input pricing contract is determined through centralised bargaining, the final goods producers earn higher (lower) profit under quantity competition than under pri...

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Bibliographic Details
Main Author:	Basak, Debasmita
Format:	Article
Language:	English
Published:	Elsevier 2017
Subjects:	Bargaining; Bertrand; Cournot; Centralised bargaining; Vertical pricing; Welfare
Online Access:	https://eprints.nottingham.ac.uk/43971/

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