Title of article :
Bertrand competition with incomplete share for lower price
Author/Authors :
Tao Huang، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2004
Pages :
6
From page :
239
To page :
244
Abstract :
In this paper, a new type of share function is introduced to prevent lower-price firm taking all the market in Bertrand game and so we can describe continuous change from isolated market to Bertrand market. The firms can earn a positive profit in price competition no matter how many firms are present in the market. Different prices are also possible by changing parameters.
Keywords :
Bertrand game , market share , Price competition
Journal title :
Economics Letters
Serial Year :
2004
Journal title :
Economics Letters
Record number :
435413
Link To Document :
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