Further results on the Bertrand game with different marginal costs
Romain de Nijs
Economics Letters, 2012, vol. 116, issue 3, 502-503
This note provides an alternative construction to Blume (2003) of equilibria in the standard model of Bertrand competition with homogeneous products and different marginal costs that achieve the conventional outcome. In addition, I provide a means to select one of these equilibria.
Keywords: Bertrand competition; Mixed strategies; Non-identical costs (search for similar items in EconPapers)
JEL-codes: C72 D43 L11 (search for similar items in EconPapers)
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