Bertrand-Cournot profit reversal under non-commitment process innovation
(2024)
Journal Article
Zhang, Q., Wang, L. F., & Mukherjee, A. (2024). Bertrand-Cournot profit reversal under non-commitment process innovation. Manchester School, 92(4), 371-382. https://doi.org/10.1111/manc.12471
We provide a new reason for Bertrand-Cournot profit reversal. In a symmetric oligopoly, we show that firms get higher profits under Bertrand competition compared to Cournot competition under non-commitment process innovation if the products are suffi... Read More about Bertrand-Cournot profit reversal under non-commitment process innovation.