A note on undominated Bertrand equilibria

C-Tier
Journal: Economics Letters
Year: 2011
Volume: 111
Issue: 2
Pages: 125-126

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

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

Abstract

This note shows that the conventional outcome associated with Bertrand competition with homogenous products and different marginal costs is obtained in every Nash equilibrium in which firms use undominated strategies. This strengthens an existence result due to Blume (2003).

Technical Details

RePEc Handle
repec:eee:ecolet:v:111:y:2011:i:2:p:125-126
Journal Field
General
Author Count
1
Added to Database
2026-01-25