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- W2098212781 abstract "We compare a Bertrand with a Cournot duopoly in a setting where production is polluting and exploits natural resources, and firms bear convex production costs. We adopt Dastidar's (1995) approach, yielding a continuum of Bertrand-Nash equilibria ranging above marginal cost pricing also, to show that softening price competition may lead to a lower output production in a Bertrand rather than a Cournot industry. The market structure bringing about the lowest output determines the highest social welfare, given the fact that the negativeenvironmental effects of production more than offset the gain in consumer surplus." @default.
- W2098212781 created "2016-06-24" @default.
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- W2098212781 date "2012-02-17" @default.
- W2098212781 modified "2023-09-27" @default.
- W2098212781 title "Efficient Horizontal Mergers in Polluting Industries with Cournot Competition" @default.
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- W2098212781 doi "https://doi.org/10.6092/unibo/amsacta/4205" @default.
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