Low-Quality Firms Dominate Markets, Leaving Consumers Shortchanged
In a duopoly where companies set their own quantities, the one with lower quality products tends to take the lead role.
Public Firms Outperform Private Firms in Mixed Duopoly Markets, Boosting Social Welfare
Public Firms Can Boost Social Welfare by Choosing Prices or Quantities
Information Sharing in Duopolies Boosts Profits and Market Stability