| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21008 |
| 来源ID | Working Paper 21008 |
| Intra-Industry Trade with Bertrand and Cournot Oligopoly: The Role of Endogenous Horizontal Product Differentiation | |
| James A. Brander; Barbara J. Spencer | |
| 发表日期 | 2015-03-09 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | This paper investigates the effect of endogenous horizontal product differentiation on trade patterns and the gains from trade under Bertrand and Cournot oligopoly. Firms differentiate their products to mitigate competition, but only if the investment required is not too high. Investment in product differentiation takes place in a much wider range of cases and results in a greater difference between products under Bertrand than Cournot competition. In our model, trade in homogeneous products never takes place under Bertrand competition: Bertrand firms export only if they differentiate their products. Cournot firms may trade in either homogeneous or differentiated products. If there is trade, consumers tend to be better off with Bertrand than Cournot competition due to greater product differentiation and more aggressive pricing, but higher levels of investment can raise Bertrand profit above Cournot profit and also above the monopoly profit at autarky when investment costs are sufficiently low. |
| 主题 | International Economics ; Trade ; Industrial Organization ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w21008 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578681 |
| 推荐引用方式 GB/T 7714 | James A. Brander,Barbara J. Spencer. Intra-Industry Trade with Bertrand and Cournot Oligopoly: The Role of Endogenous Horizontal Product Differentiation. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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