Cournot vs. Bertrand under centralised bargaining
(2017)
Journal Article
Basak, D. (2017). Cournot vs. Bertrand under centralised bargaining. Economics Letters, 154, https://doi.org/10.1016/j.econlet.2017.02.031
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... Read More about Cournot vs. Bertrand under centralised bargaining.