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A Bertrand–Edgeworth oligopoly with a public firm

Author

Listed:
  • Zoltán Rácz

    (Institute for Advanced Studies)

  • Attila Tasnádi

    (Corvinus University of Budapest)

Abstract

We determine conditions under which a pure-strategy equilibrium of a mixed Bertrand–Edgeworth oligopoly exists. In addition, we determine its pure-strategy equilibrium whenever it exists and compare the equilibrium outcome with that of the standard Bertrand–Edgeworth oligopoly with only private firms.

Suggested Citation

  • Zoltán Rácz & Attila Tasnádi, 2016. "A Bertrand–Edgeworth oligopoly with a public firm," Journal of Economics, Springer, vol. 119(3), pages 253-266, November.
    • Handle: RePEc:kap:jeczfn:v:119:y:2016:i:3:d:10.1007_s00712-016-0486-4
    DOI: 10.1007/s00712-016-0486-4
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    More about this item

    Keywords

    Bertrand–Edgeworth; Mixed oligopoly;

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

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