Traditional oligopoly models hold that firms compete in the same strategic variable, output
(Cournot) or price (Bertrand). Alternatively, a hybrid model allows some firms to compete in …

The paper investigates a dynamic Bertrand duopoly with differentiated goods in which
boundedly rational firms apply a gradient adjustment mechanism to update their price in …

In this paper, we present a game theoretic framework for Cournot–Bertrand competition
based on a nonlinear price function. The competition is between two firms and is assumed to …

Many researchers have used quadratic utility function to study its influences on economic
games with product differentiation. Such games include Cournot, Bertrand, and a mixed …

We develop a model to explain why firm behavior differs in the market for small cars. Firms
such as Honda compete in output (Cournot) and produce marketing campaigns with …

Abstract We compare Cournot and Bertrand competitions with R&D investment under output
versus R&D subsidy policies. We demonstrate that Cournot firms invest more (less) in R&D …

Studies on information sharing in oligopolies focus on either Cournot or Bertrand markets.
We consider a Cournot–Bertrand market where owners provide strategic managerial …

The behavior of the macro or mass-production segment of the US brewing industry appears
to be paradoxical. Since the end of Prohibition in 1934, the number of independent brewers …

Consumers provide less time and collect less information in buying decision of low
involvement products. Consequently, they engage little thought process in their purchase …

Technology licensing as a vital part of business behavior in many industries has drawn a fair
amount of attention in industrial organization literature. Most existing literature on licensing …