Bertrand competition with asymmetric costs: a solution in pure strategies
نویسندگان
چکیده
منابع مشابه
Bertrand competition in markets with fixed costs
This paper provides necessary and sufficient conditions for the existence of a pure strategy Bertrand equilibrium in a model of price competition with fixed costs. It unveils an interesting and unexplored relationship between Bertrand competition and natural monopoly. That relationship points out that the non-subadditivity of the cost function at the output level corresponding to the oligopoly ...
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We compare the number of active firms, i.e. the number of firms producing a positive quantity, in equilibrium across four different models of oligopoly: Cournot and Bertrand with homogeneous or differentiated goods. We concentrate on the linear demand structure with constant marginal but asymmetric costs. (With symmetric costs, the results trivialize to all firms active or all firms inactive.) ...
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ژورنال
عنوان ژورنال: Theory and Decision
سال: 2019
ISSN: 0040-5833,1573-7187
DOI: 10.1007/s11238-019-09698-4