search query: @author Hobbs, B. F. / total: 3
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| Author: | Hobbs, B. F. |
| Title: | Mill pricing versus spatial price discrimination under Bertrand and Cournot spatial competition. |
| Journal: | Journal of Industrial Economics
1986 : DEC, VOL. 35:2, p. 173-191 |
| Index terms: | INDUSTRIAL ECONOMICS PRICING COMPETITION EQUILIBRIUM ANALYSIS |
| Language: | eng |
| Abstract: | Two questions of spatial competition are discussed. If the firm holds the Bertrand conjecture,spatial price discrimination leads lower prices and higher welfare than mill pricing for most values of fixed cost. For the Cournot conjecture the opposite is true. The introduction of space into the oligopoly models of Bertrand and Cournot generally does not change their results. However spatial Bertrand prices exceed marginal cost,unlike their spaceless counterparts. These results are obtained using models of spatial competition,of which the Cournot mill pricing models are new. |
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