Bertrand competition in vertically related markets
Bertrand competition in vertically related markets
复制标题
垂直相关市场中的伯特兰竞争
DOI:
10.1080/13504851.2022.2140101
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发表时间:
2022
影响因子:
1.6
通讯作者:
Tomomichi Mizuno and Kazuhiro Takauchi
中科院分区:
文献类型:
--
作者:
Noriaki Matsushima;Tomomichi Mizuno;and Cong Pan;Tomomichi Mizuno and Kazuhiro Takauchi
We build a successive Bertrand model with a homogenous good. We show that increasing the production efficiency of an industry can reduce firms’ profits. We also show that this result holds in the successive Cournot model. Hence, an industrial policy aimed at improving production efficiency may be undesirable for firms.