Abstract
This paper reexamines Bertrand competition with homogeneous products and different marginal costs. It is shown that the conventional outcome is supported by an equilibrium in the original game under the standard rationing rule.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 167-168 |
| Number of pages | 2 |
| Journal | Economics Letters |
| Volume | 78 |
| Issue number | 2 |
| DOIs | |
| State | Published - Feb 1 2003 |
| Externally published | Yes |
Keywords
- Bertrand competition
- Mixed strategies
ASJC Scopus subject areas
- Finance
- Economics and Econometrics
Fingerprint Dive into the research topics of 'Bertrand without fudge'. Together they form a unique fingerprint.
Cite this
Blume, A. (2003). Bertrand without fudge. Economics Letters, 78(2), 167-168. https://doi.org/10.1016/S0165-1765(02)00217-3