{"title":"零售商努力下垂直相关市场中的价格与数量竞争","authors":"Qian Liu, Leonard F. S. Wang","doi":"10.1515/bejte-2020-0036","DOIUrl":null,"url":null,"abstract":"Abstract Allowing downstream retailers to engage in demand-enhancing investment, this paper demonstrates that the classical conclusions regarding the comparison of Cournot and Bertrand competition in a vertically related market with decentralized bargaining are completely reversed. It shows that Bertrand competition is more efficient than Cournot competition, in the sense that both consumer surplus and social welfare are always higher in the former.","PeriodicalId":44773,"journal":{"name":"B E Journal of Theoretical Economics","volume":"22 1","pages":"51 - 66"},"PeriodicalIF":0.3000,"publicationDate":"2020-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1515/bejte-2020-0036","citationCount":"0","resultStr":"{\"title\":\"Price Versus Quantity Competition in a Vertically Related Market with Retailer’s Effort\",\"authors\":\"Qian Liu, Leonard F. S. Wang\",\"doi\":\"10.1515/bejte-2020-0036\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Abstract Allowing downstream retailers to engage in demand-enhancing investment, this paper demonstrates that the classical conclusions regarding the comparison of Cournot and Bertrand competition in a vertically related market with decentralized bargaining are completely reversed. It shows that Bertrand competition is more efficient than Cournot competition, in the sense that both consumer surplus and social welfare are always higher in the former.\",\"PeriodicalId\":44773,\"journal\":{\"name\":\"B E Journal of Theoretical Economics\",\"volume\":\"22 1\",\"pages\":\"51 - 66\"},\"PeriodicalIF\":0.3000,\"publicationDate\":\"2020-10-09\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.1515/bejte-2020-0036\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"B E Journal of Theoretical Economics\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1515/bejte-2020-0036\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q4\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"B E Journal of Theoretical Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1515/bejte-2020-0036","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
Price Versus Quantity Competition in a Vertically Related Market with Retailer’s Effort
Abstract Allowing downstream retailers to engage in demand-enhancing investment, this paper demonstrates that the classical conclusions regarding the comparison of Cournot and Bertrand competition in a vertically related market with decentralized bargaining are completely reversed. It shows that Bertrand competition is more efficient than Cournot competition, in the sense that both consumer surplus and social welfare are always higher in the former.
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