Ranking Supply Function and Cournot Equilibria in a Differentiated Product Duopoly with Demand Uncertainty
In this paper, we provide a welfare ranking for the equilibria of the supply function and quantity competitions in a differentiated product duopoly with demand uncertainty. We prove that the expected consumer surplus is always higher under the supply function competition, irrespective of whether the...
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| Format: | Artigo |
| Idioma: | Inglês |
| Publicat: |
MDPI AG
2018-08-01
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| Col·lecció: | Games |
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| Accés en línia: | http://www.mdpi.com/2073-4336/9/3/60 |
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