Further results on the Bertrand game with different marginal costs

Journal article: 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.

Author(s)

Romain de Nijs

Journal
  • Economics Letters
Date of publication
  • 2012
Keywords JEL
C72 D43 L11
Keywords
  • Bertrand competition
  • Mixed strategies
  • Non-identical costs
Pages
  • 502-503
Version
  • 1
Volume
  • 116