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Double Bertrand Competition among Intermediaries

Author

Listed:
  • Frédérique Bracoud

    () (Name: Keele University Department of Economics)

Abstract

This paper extends Stahl (1988) by modelling a sequential price competition among intermediaries when their expected revenue per sale is affected by consumers’s default. If this revenue is non-monotonie with the asking price, theWalrasian outcome may not be an equilibrium and demand rationing may emerge instead.

Suggested Citation

  • Frédérique Bracoud, 2003. "Double Bertrand Competition among Intermediaries," Keele Economics Research Papers KERP 2003/09, Centre for Economic Research, Keele University.
  • Handle: RePEc:kee:kerpuk:2003/09
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    File URL: http://www.keele.ac.uk/depts/ec/wpapers/kerp0309.pdf
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    More about this item

    Keywords

    Bertrand Competition; Double-sided Competition; Consumer Default; Demand Rationing;

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • D45 - Microeconomics - - Market Structure, Pricing, and Design - - - Rationing; Licensing
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

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