International Journal of Business and Economics

International Journal of Business and Economics
Volume 9, No. 1

April​, 2010
Asymmetric Duopoly under Different Market Structures
Jim Y. Jin
School of Economics and Finance, University of St. Andrews, U.K.
Osiris J. Parcero
Economics Department, College of Business and Economics, United Arab Emirates University, U.A.E.
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.
Keywords:market comparison, price/output ranking, conjectural variation.
JEL Classifications:L11, L13, D43.