Autori
Brander, James A.
Spencer, Barbara J.

Titolo
Intra-industry trade with Bertrand and Cournot oligopoly:The role of endogenous horizontal product differentiation
Periodico
Research in economics
Anno: 2015 - Volume: 69 - Fascicolo: 2 - Pagina iniziale: 157 - Pagina finale: 165

This paper investigates the effect of endogenous horizontal product differentiation on trade patterns and the gains from trade under Bertrand and Cournot oligopoly. If trade occurs, Bertrand firms always differentiate their products more that Cournot firms. However, sufficiently high differentiation costs can prevent product differentiation. Trade in homogeneous products never takes place under Bertrand competition. Bertrand firms will either differentiate their products or will not export. Cournot firms, however, may trade in either homogeneous or differentiated products. Product differentiation can significantly increase the gains from trade under both Cournot and Bertrand oligopoly.



SICI: 1090-9443(2015)69:2<157:ITWBAC>2.0.ZU;2-J
Testo completo: http://ac.els-cdn.com/S1090944315000113/1-s2.0-S1090944315000113-main.pdf?_tid=9457bb34-5551-11e5-afb5-00000aab0f26&acdnat=1441624637_ae98188e784ff22aae5086776c39bd76

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