Title of article
Bertrand–Edgeworth duopoly with linear costs: A tale of two paradoxes
Author/Authors
Prabal Roy Chowdhury، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2005
Pages
5
From page
61
To page
65
Abstract
Consider a Bertrand–Edgeworth duopoly with linear cost functions. If the firms produce to stock then no Nash equilibrium in pure strategies exists. If, however, the firms produce to order then all subgame perfect Nash equilibria involve the firms charging a price equal to marginal cost.
Keywords
Linear cost , Edgeworth paradox , Bertrand paradox
Journal title
Economics Letters
Serial Year
2005
Journal title
Economics Letters
Record number
435701
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