In this paper. we provide a welfare ranking for the equilibria of the supply function and quantity competitions in a differentiated product duopoly with demand uncertainty. We prove that the expected consumer surplus is always higher under the supply function competition. irrespective of whether the (duopolistic) products are substitutes. https://www.bekindtopets.com/mega-save-Harrows-Black-Knight-Soft-Tip-Darts-20gm-special-save/
Ranking Supply Function and Cournot Equilibria in a Differentiated Product Duopoly with Demand Uncertainty
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