Directed search and the Bertrand paradox

DOI10.1111/IERE.12082MaRDI QIDQ2935185zbMATH OpenOpenAlexFDO

Authors Athanasios Geromichalos

Publication date 22 December 2014

Published in International Economic Review (Search for Journal in Brave)

Full work available at URL https://repec.dss.ucdavis.edu/files/LS44Hjckk67Jo1vrgSKhRbVL/12-21.pdf

zbMATH Keywords

Bertrand paradoxdirected search modelex post demandoligopolistic competitionpricing

Mathematics Subject Classification ID

Search theory (90B40) Special types of economic markets (including Cournot, Bertrand) (91B54)

Recommendations

• Bertrand Equilibrium with Capacity Constraints and Restricted Mobility
• Indeterminacy and directed search.
• Directed search with endogenous capacity
• Dynamic directed search
• Price competition with population uncertainty

Cites work

• Bertrand Equilibrium with Capacity Constraints and Restricted Mobility
• Directed search and optimal production
• Directed search with multi-vacancy firms
• Directed search with multiple job applications
• Dynamic Edgeworth-Bertrand Competition
• High profit equilibria in directed search models
• Indeterminacy and directed search.
• Relaxing Price Competition Through Product Differentiation
• Sorting versus screening: search frictions and competing mechanisms
• Wage-vacancy contracts and coordination frictions

Cited in

(7)

• Competitive search with ex-post opportunism
• Pricing, signalling, and sorting with frictions
• CONSUMER MISTAKES IN BERTRAND GAMES
• Noncontractible Heterogeneity in Directed Search
• Directed search with endogenous capacity
• Directed search and optimal production
• Centripetal and centrifugal influence: when positive network effects stabilize competition

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