This paper examines the coalition-proof Nash equilibria of a Bertrand model of price competition where firms supply all demand. When firms are asymmetric we prove existence and provide a sufficient condition for uniqueness. For symmetric firms, we show that an equilibrium is necessarily unique. We also examine whether this unique equilibrium outcome is implementable through a sequential move game where the firms take turns at announcing prices. Finally we examine the limiting property of such equilibria as the number of firms go to infinity. Copyright Springer-Verlag Berlin/Heidelberg 2004
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Article provided by Springer in its journal Economic Theory.
Volume (Year): 24 (2004) Issue (Month): 2 (August) Pages: 307-324 Download reference. The following formats are available: HTML
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