Title of article
Bertrand competition and Cournot outcomes: a correction
Author/Authors
Nicolas Boccard، نويسنده , , Xavier Wauthy، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2004
Pages
4
From page
163
To page
166
Abstract
We received independent comments from Dan Kovenock and Luis Ubeda regarding proofs of Lemma 1 and Theorem 1 in Boccard and Wauthy [Econ. Lett. 68 (2002) 279] (hereafter BW). Claim 4 is indeed poorly stated and proved while in the proof of Theorem 1 payoffs for the price subgame are incorrectly derived. We apologize for these shortcomings. Fortunately the spirit of the proof is not altered. By slightly weakening the scope of the analysis for capacity choice from mixed strategies into pure ones, we are able to shorten the proof that is presented hereafter.
Keywords
Capacity commitment , Price competition
Journal title
Economics Letters
Serial Year
2004
Journal title
Economics Letters
Record number
435464
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