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• W1578488506 abstract "The present paper compares the Cournot and Bertrand equilibrium outcomes and social welfare in vertically related markets with upstream monopolistic market structure, where the trade between the upstream monopolist and the downstream firms is conducted via two-part tariffs contracts. We show that the equilibrium quantities, the profits of the downstream firms, the consumers' surplus and the social welfare are always higher under Cournot final market competition than under Bertrand final market competition. On the contrary the equilibrium profits of the upstream monopolist under Bertrand market competition always exceed those obtained under Cournot market competition." @default.
• W1578488506 created "2016-06-24" @default.
• W1578488506 creator A5027933028 @default.
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• W1578488506 date "2013-08-29" @default.
• W1578488506 modified "2023-09-23" @default.
• W1578488506 title "Cournot is More Competitive than Bertrand! Upstream Monopoly with Two-part Tariffs" @default.
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• W1578488506 hasPublicationYear "2013" @default.
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