Article ID Journal Published Year Pages File Type
9549334 Economics Letters 2005 8 Pages PDF
Abstract
We investigate two delivered pricing models. We find that in the Bertrand (Cournot) model the equilibrium distance between two firms' locations is too large (small) for maximum social welfare, while it is too small for maximum consumer surplus in both models.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Economic welfare in delivered pricing duopoly: Bertrand and Cournot
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