Economic welfare in delivered pricing duopoly: Bertrand and Cournot

被引：11
|
作者：
Matsumura, T [1 ]
Shimizu, D [1 ]
机构：
[1] Univ Tokyo, Inst Social Sci, Bunkyo Ku, Tokyo 1130033, Japan
来源：
ECONOMICS LETTERS | 2005年 / 89卷 / 01期
关键词：
spatial competition; discriminatory pricing; production substitution;
D O I：
10.1016/j.econlet.2005.05.019
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We investigate two delivered pricing models. We find that in the Bertrand (Cournot) model the equilibrium distance between two firms' locations is too large (small) for maximum social welfare, while it is too small for maximum consumer surplus in both models. (c) 2005 Elsevier B.V. All rights reserved.
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页码：112 / 119
页数：8
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