We describe a modell of price competition between firms with piecewise linear cost functions. Thus, we consider "Bertrand oligopoly", an n -person noncooperative game in which players choose prices and the market, reflected by a decreasing demand function, reacts discontinuously as total demand ...
Econ. Modell. (2012) M.C. Lopez et al. The Cournot-Bertrand profit differential: a reversal result in a differentiated duopoly with wage bargaining Eur. Econ. Rev. (2004) T. Ross Cartel stability and product differentiation Int. J. Ind. Organ. (1992) X. Vives On the efficiency of Bert...
Econ. Modell. (2012) M.C. Lopez et al. The Cournot-Bertrand profit differential: a reversal result in a differentiated duopoly with wage bargaining Eur. Econ. Rev. (2004) T. Ross Cartel stability and product differentiation Int. J. Ind. Organ. (1992) X. Vives On the efficiency of Bert...