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On the role of patience in collusive Bertrand duopolies

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Author Info
Andersson, Ola

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Abstract

This paper analyzes the role of patience in a repeated Bertrand duopoly where firms bargain over which collusive price and market share to implement. It is shown that the least patient firm's market share is not monotone in its own discount factor.

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File URL: http://www.sciencedirect.com/science/article/B6V84-4R68N82-2/1/8547270009aef3d04c6b1243f14a5866
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Publisher Info
Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 100 (2008)
Issue (Month): 1 (July)
Pages: 60-63
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Handle: RePEc:eee:ecolet:v:100:y:2008:i:1:p:60-63

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Web page: http://www.elsevier.com/locate/ecolet

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This page was last updated on 2009-12-12.

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