Further results on the Bertrand game with different marginal costs

Article dans une revue: 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.

Auteur(s)

Romain de Nijs

Revue
  • Economics Letters
Date de publication
  • 2012
Mots-clés JEL
C72 D43 L11
Mots-clés
  • Bertrand competition
  • Mixed strategies
  • Non-identical costs
Pages
  • 502-503
Version
  • 1
Volume
  • 116