Price versus quantity in a mixed duopoly

Toshihiro Matsumura and Akira Ogawa ()

Economics Letters, 2012, vol. 116, issue 2, 174-177

Abstract: We revisit the classic discussion of the endogenous choice of a price or a quantity contract, but in a mixed duopoly. We find that choosing the price contract is a dominant strategy for both firms, whether the goods are substitutes or complements.

Keywords: Cournot; Bertrand; Mixed markets; Differentiated products (search for similar items in EconPapers)
JEL-codes: H42 L13 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (94)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:2:p:174-177

DOI: 10.1016/j.econlet.2012.02.012

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