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
Keywords
- Bertrand competition
- Mixed strategies
- Non-identical costs
Pages
- 502-503
URL of the HAL notice
Version
- 1
Volume
- 116