Cournot, Bertrand or Chamberlin: Market Structures and the Home Market Effect

Kenji Fujiwara ()
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Kenji Fujiwara: School of Economics, Kwansei Gakuin University

No 235, Discussion Paper Series from School of Economics, Kwansei Gakuin University

Abstract: Comparison among Cournot, Bertrand and (Chamberlin) monopolistic competition receives recent attention in industrial organization, but not in New Economic Geography (NEG). To fulfill this gap, we examine how the difference in market structures affects industry location in a footloose capital (FC) model of NEG. We find that the home market effect is strongest in Cournot competition, second strongest in Bertrand competition, and weakest in monopolistic competition.

Keywords: Cournot competition; Bertrand competition; monopolistic competition; Home market effect (search for similar items in EconPapers)
JEL-codes: D43 F12 F21 L13 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2022-01
New Economics Papers: this item is included in nep-com, nep-gth, nep-his, nep-ind, nep-reg and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:kgu:wpaper:235

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