On the uniqueness of Bertrand equilibrium
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Publication:614032
DOI10.1016/j.orl.2010.08.010zbMath1202.91115MaRDI QIDQ614032
Toshihiro Matsumura, Daisuke Hirata
Publication date: 23 December 2010
Published in: Operations Research Letters (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.orl.2010.08.010
product differentiation; price competition; uniqueness of equilibrium; increasing marginal cost; strictly convex cost
91B52: Special types of economic equilibria
91B26: Auctions, bargaining, bidding and selling, and other market models
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Cites Work
- Collusive outcomes in price competition.
- Bertrand games and sharing rules
- Pricing in Bertrand competition with increasing marginal costs
- Comparing Cournot and Bertrand in a homogeneous product market
- On the existence of pure strategy Bertrand equilibrium
- Mixed Bertrand equilibria under decreasing returns to scale: an embarrassment of riches