Give to Caesar What is Caesar`s. Or, Give to Launhardt What We are Used to Think Bertrand`s.

Lambertini, Luca ; Mosca, Manuela (2001) Give to Caesar What is Caesar`s. Or, Give to Launhardt What We are Used to Think Bertrand`s. Bologna: Dipartimento di Scienze economiche DSE, p. 21. DOI 10.6092/unibo/amsacta/4886. In: Quaderni - Working Paper DSE (413). ISSN 2282-6483.
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Abstract

We revisit the Cournot-Bertrand debate in the light of Cournot (1863), Edgeworth (1881, 1897) and Launhardt (1885), tracing back to Launhardt the origin of price competition in duopoly models. Then, we discuss the formalization of consumer utility function for differentiated products, first appearing in Launhardt (1885) and than in Bowley (1924). This allows us to point out that assuming that firms know the demand function(s) is equivalent to assuming that there is no role for the auctioneer, either in Cournout or in Walras.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Lambertini, Luca
Mosca, Manuela
Keywords
price competition, quantity competition, theory of markets, utility function, game theory
Subjects
ISSN
2282-6483
DOI
Deposit date
17 Mar 2016 11:29
Last modified
17 Mar 2016 11:29
URI

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