Price vs. quantity competition in a vertically related market

被引：47
|
作者：
Alipranti, Maria [1 ]
Milliou, Chrysovalantou [2 ]
Petrakis, Emmanuel [3 ]
机构：
[1] Univ Dusseldorf, DICE, Dusseldorf, Germany
[2] Athens Univ Econ & Business, Dept Int & European Econ Studies, Athens, Greece
[3] Univ Crete, Dept Econ, Rethimnon 74100, Greece
来源：
ECONOMICS LETTERS | 2014年 / 124卷 / 01期
关键词：
Coumot; Bertrand; Vertical relations; Two-part tariffs; COURNOT EQUILIBRIA; BERTRAND; MANUFACTURERS; INTEGRATION; EFFICIENCY; INFERENCE; RETAILERS; CONTRACTS; DUOPOLY;
D O I：
10.1016/j.econlet.2014.05.002
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper demonstrates that the standard conclusions regarding the comparison of Cournot and Bertrand competition are reversed in a vertically related market with upstream monopoly and trading via two-part tariffs. In such a market, downstream Cournot competition yields higher output, lower wholesale prices, lower final prices, higher consumers' surplus, and higher total welfare than Bertrand competition. (C) 2014 Elsevier B.V. All rights reserved.
引用
收藏
页码：122 / 126
页数：5
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