Further results on the Bertrand game with different marginal costs
Romain de Nijs
(1, 2, 3)
Résumé
This note provides an alternative construction to Blume (2003) of equilibria in the standard model of Bertrand competition with homogeneous products and different marginal costs that achieve the conventional outcome. In addition, I provide a means to select one of these equilibria.
Domaines
Economies et finances| Format du dépôt | Notice |
|---|---|
| Type de dépôt | Article dans une revue |
| Titre |
en
Further results on the Bertrand game with different marginal costs
|
| Résumé |
en
This note provides an alternative construction to Blume (2003) of equilibria in the standard model of Bertrand competition with homogeneous products and different marginal costs that achieve the conventional outcome. In addition, I provide a means to select one of these equilibria.
|
| Auteur(s) |
Romain de Nijs
1, 2, 3
1
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
2
CREST -
Centre de Recherche en Économie et Statistique
( 2579 )
- 5, Avenue Henry Le Chatelier
91120 Palaiseau
- France
3
PSE -
Paris-Jourdan Sciences Economiques
( 139754 )
- 48 boulevard Jourdan 75014 Paris
- France
|
| Comité de lecture |
Oui
|
| Vulgarisation |
Non
|
| Langue du document |
Anglais
|
| Nom de la revue |
|
| Audience |
Non spécifiée
|
| Date de publication |
2012-09
|
| Volume |
116
|
| Numéro |
3
|
| Page/Identifiant |
502-503
|
| Mots-clés (JEL) |
|
| Domaine(s) |
|
| Financement |
|
| Mots-clés |
en
Bertrand competition, Mixed strategies, Non-identical costs
|
| DOI | 10.1016/j.econlet.2012.04.055 |
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