Cournot vs. Bertrand in mixed markets with R&D
(2019)
Journal Article
Basak, D., & Wang, L. F. (2019). Cournot vs. Bertrand in mixed markets with R&D. North American Journal of Economics and Finance, 48, 265-271. https://doi.org/10.1016/j.najef.2019.02.006
We investigate the question of endogenous choice of price and quantity competition in a mixed duopoly where both welfare maximising public firm and profit maximising private firm invest in cost-reducing R&D. In contrary to the conventional belief tha... Read More about Cournot vs. Bertrand in mixed markets with R&D.