A limit theorem for the core of Betrand oligopoly games with externalities

Qianqian Kong, Hao Sun, Genjiu Xu and Panfei Sun

Economics Letters, 2019, vol. 185, issue C

Abstract: This paper formulates the concept of Betrand oligopoly partition games. Furthermore, it is demonstrated that such well-defined games have positive externalities. More importantly, the core is proved to approximate the Equal Division solution in infinite markets.

Keywords: Betrand oligopoly; Externalities; Core; Limit; Equal Division solution (search for similar items in EconPapers)
JEL-codes: C7 D4 L1 L2 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:185:y:2019:i:c:s0165176519303751

DOI: 10.1016/j.econlet.2019.108747

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