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Institutional factors influencing productivity in medieval England: A case study of tin, lead and silver mining 影响中世纪英格兰生产力的制度因素:锡、铅和银矿开采案例研究
The Manchester School Pub Date : 2024-02-08 DOI: 10.1111/manc.12472
C. Casson, Mark C. Casson
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引用次数: 0
Bertrand‐Cournot profit reversal under non‐commitment process innovation 非承诺流程创新下的伯特兰-库诺利润逆转
The Manchester School Pub Date : 2024-02-07 DOI: 10.1111/manc.12471
Qidi Zhang, Leonard F. S. Wang, Arijit Mukherjee
{"title":"Bertrand‐Cournot profit reversal under non‐commitment process innovation","authors":"Qidi Zhang, Leonard F. S. Wang, Arijit Mukherjee","doi":"10.1111/manc.12471","DOIUrl":"https://doi.org/10.1111/manc.12471","url":null,"abstract":"We provide a new reason for Bertrand‐Cournot profit reversal. In a symmetric oligopoly, we show that firms get higher profits under Bertrand competition compared to Cournot competition under non‐commitment process innovation if the products are sufficiently differentiated and there is positive knowledge spillover. As the number of firms increases, the degree of product differentiation over which the profits are higher under Bertrand competition can increase. Higher outputs under Bertrand competition compared to Cournot competition generate higher R&D investments under the former than the latter, which is responsible for our result.","PeriodicalId":501079,"journal":{"name":"The Manchester School","volume":"359 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139796315","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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