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The unilateral accidenct model under a constrained Cournot-Nash duopoly

Abstract : Summary:Thispaper extends thebasicunilateralaccidentmodel toallow forCournot competition. Two firms compete with production input and prevention as strategic variablesunderasymmetriccapacityconstraints. We find thatliabilityregimesexerta crucial influence on the equilibrium price and outputs. Strict liability leads to higher output andhigher riskcomparedto negligence. Wealsostudytheconditionsunderwhich bothregimes converge. KeyWords:TortLaw,Strict
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https://hal-sciencespo.archives-ouvertes.fr/hal-03458358
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Submitted on : Tuesday, November 30, 2021 - 8:30:25 PM
Last modification on : Thursday, August 4, 2022 - 4:56:40 PM

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Gérard Mondello, Evens Salies. The unilateral accidenct model under a constrained Cournot-Nash duopoly. 2018. ⟨hal-03458358⟩

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