DYNAMIC ANALYSIS FOR BERTRAND COMPETITION MODEL WITH EXPONENTIAL FORM∗
نویسندگان
چکیده
منابع مشابه
A dynamic model of Bertrand competition with entry
This paper analyzes a simple, repeated game of simultaneous entry and pricing. We report a surprising property of the symmetric equilibrium solution: If the number of potential competitors is increased above two, the market breaks down with higher probability, and the competitive outcome becomes less likely. More potential competition lowers welfare – another Bertrand paradox. The model can als...
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This paper analyzes a simple, repeated game of simultaneous entry and pricing. We report a surprising property of the symmetric equilibrium solution: If the number of potential competitors is increased above two, the market breaks down with higher probability, and the competitive outcome becomes less likely. More potential competition lowers welfare | another Bertrand paradox. The model can als...
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Bertrand competition is a model of competition used in economics, named after Joseph Louis François Bertrand (1822-1900). Specifically, it is a model of price competition between duopoly firms which results in each charging the price that would be charged under perfect competition, known as marginal cost pricing. The model has the following assumptions: There are at least two firms producing ho...
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ژورنال
عنوان ژورنال: Mathematical Modelling and Analysis
سال: 2016
ISSN: 1392-6292,1648-3510
DOI: 10.3846/13926292.2016.1237388