Bertrand competition in vertically related markets

被引：1
|
作者：
Mizuno, Tomomichi [1 ]
Takauchi, Kazuhiro [1 ,2 ]
机构：
[1] Kobe Univ, Grad Sch Econ, Kobe, Hyogo, Japan
[2] Kansai Univ, Fac Business & Commerce, Suita, Osaka, Japan
来源：
APPLIED ECONOMICS LETTERS | 2024年 / 31卷 / 06期
关键词：
successive Bertrand; production efficiency; homogenous good; vertical market; FREE ENTRY;
D O I：
10.1080/13504851.2022.2140101
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We build a successive Bertrand model with a homogenous good. We show that increasing the production efficiency of an industry can reduce firms' profits. We also show that this result holds in the successive Cournot model. Hence, an industrial policy aimed at improving production efficiency may be undesirable for firms.
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页码：524 / 529
页数：6
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