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| Volume 9, No. 1,
April 2010 |
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Asymmetric Duopoly under
Different Market Structures |
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| Jim Y. Jin |
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School of Economics and
Finance, University of St. Andrews, U.K. |
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Osiris J. Parcero |
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Economics Department, College
of Business and Economics, United Arab Emirates University, U.A.E. |
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| Abstract |
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When goods are substitutes
(complements), we find a clear price (output) ranking across five
duopoly markets, namely Cournot, Bertrand, Cournot-Stackelberg,
Bertrand-Stackelberg, and joint profit maximization. We explain
these rankings in terms of levels of conjectural variation. |
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Key words:
market comparison; price/output ranking; conjectural variation |
| JEL
classification:
L11; L13; D43 |
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