| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7243851 | Journal of Economic Behavior & Organization | 2011 | 16 Pages |
Abstract
⺠This paper examines the relative convergence properties of Cournot and Bertrand oligopolies. ⺠In general, Bertrand markets converge more quickly and more completely than Cournot markets. ⺠However, as product substitutability weakens tacit collusion degrades Bertrand market convergence. ⺠Overall, in oligopolies we find that decision error cost variations dominate a Strategic Substitutes Effect.
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Authors
Douglas Davis,