Bertrand Equilibrium with Capacity Constraints and Restricted Mobility

DOI10.2307/1910990zbMath0577.90012OpenAlexW2072013546MaRDI QIDQ3698598

Michael Peters

Publication date: 1984

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1910990

zbMATH Keywords

price competitioncapacity constraintspure strategy equilibriapricing gamerestricted mobility

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Other game-theoretic models (91A40)

Related Items (18)

Competing mechanisms with multi-unit consumer demand ⋮ Dynamic directed search ⋮ Customer relationship and sales ⋮ Buyer's equilibrium with capacity constraints and restricted mobility: a recursive approach ⋮ DIRECTED SEARCH AND THE BERTRAND PARADOX ⋮ Directed search with multi-vacancy firms ⋮ Uniqueness of equilibrium in directed search models ⋮ High profit equilibria in directed search models ⋮ Strategic limitation of market accessibility: search platform design and welfare ⋮ Equivalence of canonical matching models ⋮ Pricing and signaling with frictions ⋮ Behavioral demand effects when buyers anticipate inventory shortages ⋮ Search Theory: The 2010 Nobel Memorial Prize in Economic Sciences ⋮ Limits of exact equilibria for capacity constrained sellers with costly search. ⋮ Asymmetric capacity constraints and equilibrium price dispersion ⋮ Equilibrium wage rigidity in directed search ⋮ Too much waste, not enough rationing: the failure of stochastic, competitive markets ⋮ Competitive search with ex-post opportunism

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