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Some forgotten equilibria of the Bertrand duopoly!?

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Author Info
Mathias Erlei () (Abteilung für Volkswirtschaftslehre, Technische Universität Clausthal (Department of Economics, Technical University Clausthal))

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Abstract

This note analyzes the Bertrand duopoly with constant but asymmetric marginal costs on a market with homogenous products. It is shown that there exist some equilibria that are ignored in the literature on IO. In addition, in this setting (perfectly or nearly perfectly) competitive equilibria exist.

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Publisher Info
Paper provided by Abteilung für Volkswirtschaftslehre, Technische Universität Clausthal (Department of Economics, Technical University Clausthal) in its series TUC Working Papers in Economics with number 0004.

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Length: 7 pages
Date of creation: 2002
Date of revision:
Handle: RePEc:tuc:tucewp:0004

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Find related papers by JEL classification:
D4 - Microeconomics - - Market Structure and Pricing
L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

Cited by:
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  1. Martinez de Albeniz, Victor & Simchi-Levi, David, 2007. "Competition in the supply option market," IESE Research Papers D/718, IESE Business School. [Downloadable!]
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This page was last updated on 2009-11-14.

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