Bertrand without fudge

Research output: Contribution to journalArticle

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 languageEnglish (US)
Pages (from-to)167-168
Number of pages2
JournalEconomics Letters
Volume78
Issue number2
DOIs
StatePublished - Feb 1 2003
Externally publishedYes

Keywords

  • Bertrand competition
  • Mixed strategies

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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