Asymmetric Duopoly under Different Market Structures

Jim Y. Jin and Osiris Parcero
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Jim Y. Jin: School of Economics and Finance, University of St. Andrews, U.K.

International Journal of Business and Economics, 2010, vol. 9, issue 1, 45-56

Abstract: When goods are substitutes (complements), we find a clear price (output) ranking across five duopoly markets, namely Cournot, Bertrand, Cournot-Stackelberg, Bertrand-Stackelberg, and joint profit maximization. We explain these rankings in terms of levels of conjectural variation.

Keywords: market comparison; price/output ranking; conjectural variation (search for similar items in EconPapers)
JEL-codes: D43 L11 L13 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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