Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/158934
Authors: 
Delbono, Flavio
Mariotti, Marco
Year of Publication: 
1990
Series/Report no.: 
Quaderni - Working Paper DSE 91
Abstract: 
We try to endogenise the choice between Bertrand Equilibrium (BE) and Cournot Equilibrium (CE) in simple duopoly models. The two distinctive features of this paper as compared to the related literature are the following. First, we take the concepts of BE an CE as fundamental and restict players' choices to these two equilibria. Second, we adopt a forward induction criterion to shrink the Nash equilibrium set of our games. Our findings suggest the BE seems more vulnerable than the CE whenever forward induction is taken seriously.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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