Bertrand without fudge

Andreas Blume

doi:10.1016/S0165-1765(02)00217-3

Bertrand without fudge

Andreas Blume

Research output: Contribution to journal › Article › peer-review

38 Scopus citations

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	https://doi.org/10.1016/S0165-1765(02)00217-3
State	Published - Feb 1 2003
Externally published	Yes

Keywords

Bertrand competition
Mixed strategies

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/S0165-1765(02)00217-3

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