Ranking Supply Function and Cournot Equilibria in a Differentiated Product Duopoly with Demand Uncertainty

In this paper, we provide a welfare ranking for the equilibria of the supply function and quantity competitions in a differentiated product duopoly with demand uncertainty. We prove that the expected consumer surplus is always higher under the supply function competition, irrespective of whether the...

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Bibliographic Details
Main Author: Ismail Saglam
Format: Article
Language:English
Published: MDPI AG 2018-08-01
Series:Games
Subjects:
Online Access:http://www.mdpi.com/2073-4336/9/3/60