On the role of patience in collusive Bertrand duopolies

Ola Andersson

Economics Letters, 2008, vol. 100, issue 1, 60-63

Abstract: This paper analyzes the role of patience in a repeated Bertrand duopoly where firms bargain over which collusive price and market share to implement. It is shown that the least patient firm's market share is not monotone in its own discount factor.

Date: 2008
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