Title of article
Bertrand–Edgeworth equilibrium large markets with non-manipulable residual demand
Author/Authors
Prabal Roy Chowdhury، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2003
Pages
5
From page
371
To page
375
Abstract
In a model of price competition among capacity-constrained firms with ‘non-manipulable’ residual demand, we demonstrate that if the number of firms is large, then the unique equilibrium yields the competitive price. The result goes through even when firms produce to order.
Keywords
Bertrand equilibrium , Non-manipulable residual demand
Journal title
Economics Letters
Serial Year
2003
Journal title
Economics Letters
Record number
435190
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