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 |
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Keywords
- Bertrand competition
- Mixed strategies
ASJC Scopus subject areas
- Economics and Econometrics
- Finance
Cite this
Bertrand without fudge. / Blume, Andreas -.
In: Economics Letters, Vol. 78, No. 2, 01.02.2003, p. 167-168.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Bertrand without fudge
AU - Blume, Andreas -
PY - 2003/2/1
Y1 - 2003/2/1
N2 - 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.
AB - 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.
KW - Bertrand competition
KW - Mixed strategies
UR - http://www.scopus.com/inward/record.url?scp=0037294606&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=0037294606&partnerID=8YFLogxK
U2 - 10.1016/S0165-1765(02)00217-3
DO - 10.1016/S0165-1765(02)00217-3
M3 - Article
AN - SCOPUS:0037294606
VL - 78
SP - 167
EP - 168
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
IS - 2
ER -