A note on undominated Bertrand equilibria

Navin Kartik

Economics Letters, 2011, vol. 111, issue 2, 125-126

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).

Keywords: Asymmetric; Bertrand; Undominated; strategies; Non-identical; costs (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:111:y:2011:i:2:p:125-126

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