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Title: |
The Bertrand and Cournot Equilibria for
International Duopoly with Multimarkets |
| Author: |
Okuguchi, Koji |
| Author
Affiliation: |
Tokyo Metro U |
| Source: |
International Economic Journal, Winter 1989, v. 3, no. 4, pp. 61-68 |
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Publication Date: |
Winter 1989 |
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Abstract: |
The equilibrium prices for the Bertrand
price and Cournot quantity models are compared for international duopoly
with multimarkets. It is shown that the equilibrium Bertrand prices are
lower than the equilibrium Cournot prices if our global stability
conditions is satisfied for the equilibrium Bertrand prices, and if, in
addition, a mild restriction is imposed on each firm's price responses
to changes in its rival's prices. |
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