A Kreps-Scheinkman állítás érvényessége lineáris keresletű vegyes duopóliumok esetén

Bakó, Barna and Tasnádi, Attila (2014): A Kreps-Scheinkman állítás érvényessége lineáris keresletű vegyes duopóliumok esetén.

Abstract

In this paper we extend Kreps and Scheinkam's (1983) results to mixed-duopolies with linear demands and constant unit costs. We show that quantity precommitment and Bertrand competition yield to Cournot outcomes not only in the case of private firms but also when a public firm is involved.

• Item Type: MPRA Paper
• English Title: The Kreps and Scheinkman result remains valid for mixed duopolies with linear demand
• Language: Hungarian
• Keywords: pice-setting, Kreps and Scheinkman's result, Cournot, Bertrand-Edgeworth
• Subjects: D - Microeconomics > D4 - Market Structure, Pricing, and Design > D43 - Oligopoly and Other Forms of Market Imperfection; L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L13 - Oligopoly and Other Imperfect Markets

References

Balogh Tamás László -- Tasnádi Attila (2012): Does timing of decisions in a mixed duopoly matter?, Journal of Economics, Vol. 106, No. 3, 233--249.

Beato, Paulina -- Mas-Colell, Andreu (1984): The marginal cost pricing as a regulation mechanism in mixed markets, in Marchand, M., Pestieau, P. and Tulkens, H. eds., The Performance of Public Enterprises, North-Holland, Amsterdam, 81--100.

Boccard, Nicolas -- Wauthy, Xavier (2000): Bertrand competition and Cournot outcomes: further results, Economics Letters, Vol. 68, No. 3, 279--285.

Boccard, Nicolas -- Wauthy, Xavier (2004): Bertrand competition and Cournot outcomes: a correction, Economics Letters, Vol. 84, No. 2, 163--166.

Cremer, Helmuth -- Marchand, Maurice -- Thisse, Jacques-Francois (1989): The Public Firm as an Instrument for Regulating an Oligopolistic Market, Oxford Economic Papers, Vol. 41, No. 2, 283--301.

Davidson, Carl -- Deneckere, Raymond (1986): Long-Run Competition in Capacity, Short-Run Competition in Price, and the Cournot Model, Rand Journal of Economics, Vol. 17, No. 3, 404--415.

de Fraja, Giovanni -- Delbono, Flavio (1989): Alternative Strategies of a Public Enterprise in Oligopoly, Oxford Economic Papers, Vol. 41, No. 2, 302--311.

de Frutos, Maria-Angeles -- Fabra, Natalia (2011): The role of demand uncertainty, International Journal of Industrial Organization, Vol. 29, No. 4, 399--411.

George, Kenneth -- La Manna, Manfredi M. A. (1996): Mixed Duopoly, Inefficiency, and Public Ownership, Review of Industrial Organization, 11: 853--860.

Harris, Richard G. -- Wiens, Elmer G. (1980): Government enterprise: an instrument for the internal regulation of industry, Canadian Journal of Economics, Vol. 13, 125--132.

Kreps, David M. -- Scheinkman, Jose A. (1983): Quantity Precommitment and Bertrand Competition Yiels Cournot Outcomes, The Bell Journal of Economics, Vol. 14, No. 2, 326--337.

Lepore, Jason J. (2012): Cournot outcomes under Bertrand-Edgeworth competition with demand uncertainty, Journal of Mathematical Economics, Vol. 48, No. 3, 177--186.

Loertscher, Simon (2008): Market Making Oligopolies, Journal of Industrial Economics, Vol. 56, No. 2, 263--289.

Merrill, William C. -- Schneider, Norman (1966): Government Firms in Oligopoly Industries: A Short-run Analysis, Quarterly Journal of Economics, Vol. 80, No. 3, 400--412.

Reynolds, Stanley S. -- Wilson, Bart J. (2000): Bertrand-Edgeworth Competition, Demand Uncertainty, and Asymmetric Outcomes, Journal of Economic Theory, Vol. 92, No. 1, 122--141.

Tasnádi, Attila (2001): A Bertrand-Edgeworth-oligopóliumok, Közgazdasági Szemle, Vol. XLVIII, No. 12, 1081--1092.

Wu, Xin-wang -- Zhu, Quan-tao -- Sun, Laixiang (2012): On equivalence between Cournot competition and the Kreps–Scheinkman game, International Journal of Industrial Organization, Vol. 30, No., 116--125.