Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/97305 
Erscheinungsjahr: 
Apr-2013
Verlag: 
University of Dar es Salaam, Dar es Salaam
Zusammenfassung: 
This paper reconciles the Cournot and Bertrand Models of oligopolistic competition, highlighting its weaknesses and giving an opinion thereafter. The pertinent question in this paper is why Cournot (1838) ignored the price and Bertrand (1883) ignored the quantity? From the review, the main conclusion of this paper is that oligopoly competition is guided in the long run by production capacity competition, as advocated by Cournot, equilibrated through price competition in the short run, as advocated by Bertrand.
Schlagwörter: 
Cournot Competition
Bertrand Competition
Oligopoly
equilibrium
JEL: 
D43
L13
Dokumentart: 
Preprint

Datei(en):
Datei
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