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) |
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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