Bertrand-Edgeworth
Bertrand Edgeworth games under triopoly: the equilibrium strategies when the payoffs of the two smallest firms are proportional to their capacities
... a Bertrand-Edgeworth game with linear demand, equally-sized small firms and one large firm with a capacity that is a multiple of the small firm’s ...
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Bertrand Edgeworth equilibrium with a large number of firms
... under Bertrand-Edgeworth competition (both one stage and two stage) with continuous prices and strictly convex cost functions, any pure strategy equilibrium must involve the competitive ...
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Bertrand Edgeworth games under oligopoly with a complete characterization for the triopoly
... The paper extends the analysis of price competition among capacity- constrained sellers beyond the cases of duopoly and symmetric oligopoly. We first provide some general results for the oligopoly, highlighting features ...
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Bertrand Edgeworth games under triopoly: the payoffs
... An important equilibrium property was seen to hold for general oligopoly: the equilibrium payoff of (any of) the largest firm(s) is equal to the payoff of the Stackelberg follower when the rivals supply their entire ...
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Dynamic Price Dispersion in a Bertrand Edgeworth Model
... This paper captures the dynamic properties of price dispersion by introducing an in nite time horizon model of Bertrand-Edgeworth competition. Speci cally, we consider a dynamic model of price competition ...
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Endogenous Timing of Moves in Bertrand Edgeworth Triopolies
... The investigation of the triopolistic timing game has been made possible by recent characterizations of the mixed-strategy equilibrium of capacity-constrained Bertrand- Edgeworth triopolies by Hirata (2009) ...
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Bertrand Edgeworth competition in an almost symmetric oligopoly
... The analysis of price competition among capacity-constrained sellers of a homo- geneous product (Bertrand-Edgeworth competition) has received considerable attention over recent years. Classic studies of ...
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Bertrand Edgeworth games under oligopoly with a complete characterization for the triopoly
... There are an in…nity of mixed strategy equilibria when the capacity of the largest …rm is high enough - a result which extends straightforwardly to oligopoly: in such circumstances, the [r] ...
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Existence of pure strategy equilibria in Bertrand Edgeworth games with imperfect divisibility of money
... Unlike in the continuous action space case, under discrete pricing there may be a range of symmetric pure strategy equilibria - which we fully characterize - a range which may or may not[r] ...
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Bertrand Edgeworth Equilibrium in Oligopoly
... This paper investigates a model of price competition in an oligopolistic ho- mogeneous goods market. Our main contributions are presented in Claims 1 and 3, which clearly exhibit the differences between a duopoly and ...
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Conditional loyalty and its implications for pricing
... addressed Bertrand-Edgeworth competition under imperfect buyer mobility, inasmuch as each buyer is allowed to visit only one seller after pricing de- cisions (Peters, 1984; Deneckere and Peck, 1995; Burdett ...
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Bertrand Competition with Non rigid Capacity Constraints
... Abstract: We examine a model of Bertrand competition with non-rigid ca- pacity constraints, so that by incurring an additional cost, firms can produce beyond capacity. We find that there is an interval of prices ...
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Moral Hazard, Bertrand Competition, and Natural Monopoly
... that Bertrand competition, even with symmetric firms, always results in an equilibrium with either one active firm, or with a few active firms where the number of firms is determined by ...
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2. On Bertrand Supercurves in Super-Euclidean Space
... by Bertrand [8] in a paper in which he showed that a necessary and sufficient condition for the existence of such a second curve is that a linear relationship with constant coef- ficients shall exist between the ...
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Revisiting Cournot and Bertrand in the presence of income effects
... The expression (8) has another far-reaching implication. When it is recognized that the income is endogenous in consumers’ budget constraint, Cournot competition and Bertrand competition always deliver the ...
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Cournot Bertrand competition in a unionized mixed duopoly
... and Bertrand equilibria in a downstream differen- tiated duopoly, in which wages are paid by each downstream in the outcome of a strategic bargain with its upstream labor ...
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A Simple Model of Bertrand Duopoly with Noisy Prices
... A Simple Model of Bertrand Duopoly with Noisy Prices Kaminski, Bogumil and Latek, Maciej Warsaw School of Economics, George Mason University... dµi dci dµ−i dci.[r] ...
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Moved Score Confidence Intervals for Means of Discrete Distributions
... utilizing Edgeworth ex- pansion to theoretically analyze the coverage probability of a confidence ...same Edgeworth expansion (see [8]). So, we only discuss Edgeworth ex- pansion of the moved ...
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Cournot vs Bertrand under centralised bargaining
... and Bertrand competition, the reasoning behind downstream firm's profit ordering in our analysis, is similar to that of Singh and Vives (1984), ...to Bertrand competition 7 , the former competition ...
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'The whole fabric must be perfect': Maria Edgeworth's Literary Ladies and the Representation of Ireland
... Letters for Literary Ladies was Maria Edgeworth's first published work.' This is highly ironic, given that 'Letter from a Gentleman' is based on an exchange of letters between Edgeworth'[r] ...
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