Bertrand competition with non-rigid capacity constraints
AbstractWe examine Bertrand competition with non-rigid capacity constraints, demonstrating that the set of pure strategy Nash equilibrium constitutes an interval. We then examine the properties of this set as (a) the number of firms becomes large and (b) the capacity cost increases.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 103 (2009)
Issue (Month): 1 (April)
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Web page: http://www.elsevier.com/locate/ecolet
Bertrand competition Capacity constraint;
Other versions of this item:
- Prabal Roy Chowdhury, 2009. "Bertrand competition with non-rigid capacity constraints," Indian Statistical Institute, Planning Unit, New Delhi Discussion Papers 09-02, Indian Statistical Institute, New Delhi, India.
- Prabal, Roy Chowdhury, 2008. "Bertrand Competition with Non-rigid Capacity Constraints," MPRA Paper 9172, University Library of Munich, Germany.
- D4 - Microeconomics - - Market Structure and Pricing
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
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