Bertrand competition when firms hold passive ownership stakes in one another

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 114
Issue: 1
Pages: 136-138

Authors (2)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We show that the Bertrand oligopoly model with cost asymmetries may admit multiple Nash equilibria when firms hold passive ownership stakes in each other. The equilibrium price may be as high as the monopoly price of the most efficient firm.

Technical Details

RePEc Handle
repec:eee:ecolet:v:114:y:2012:i:1:p:136-138
Journal Field
General
Author Count
2
Added to Database
2026-01-29