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- handle: 10670/1.j15rlq
- halshs: halshs-00916558
- doi: 10.1016/j.econlet.2012.04.055
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.econlet.2012.04.055
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Bertrand competition Mixed strategies Non-identical costs C - Mathematical and Quantitative Methods/C.C7 - Game Theory and Bargaining Theory/C.C7.C72 - Noncooperative Games D - Microeconomics/D.D4 - Market Structure, Pricing, and Design/D.D4.D43 - Oligopoly and Other Forms of Market Imperfection L - Industrial Organization/L.L1 - Market Structure, Firm Strategy, and Market Performance/L.L1.L11 - Production, Pricing, and Market Structure • Size Distribution of FirmsSujets proches
Industrial economics Market structureCiter ce document
Romain de Nijs, « Further results on the Bertrand game with different marginal costs », HAL-SHS : économie et finance, ID : 10.1016/j.econlet.2012.04.055
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This note provides an alternative construction to Blume (2003) of equilibria in the standard model of Bertrand competition with homogeneous products and different marginal costs that achieve the conventional outcome. In addition, I provide a means to select one of these equilibria.