Bertrand competition with cost uncertainty

被引：12

作者：

Routledge, Robert R. ^{[1
]}

机构：

[1] Univ Manchester, Sch Social Sci, Manchester M13 9PL, Lancs, England

来源：

ECONOMICS LETTERS | 2010年 / 107卷 / 03期

关键词：

Bertrand competition; Cost uncertainty; Mixed strategies; EXISTENCE; EQUILIBRIUM; GAMES; PURE;

D O I：

10.1016/j.econlet.2010.03.006

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We analyze the classical model of Bertrand competition in a homogeneous good market with constant marginal costs and uncertainty regarding rivals' costs. First, we show that there exists a mixed strategy Nash equilibrium under the conventional equal sharing rule. Second, we illustrate the result for the case of piecewise-affine market demand. (C) 2010 Elsevier B.V. All rights reserved.

引用

页码：356 / 359

页数：4

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