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Bertrand-Edgeworth Competition in an Almost Symmetric Oligopoly

Massimo De Francesco () and Neri Salvadori ()

Studies in Microeconomics, 2013, vol. 1, issue 2, 213-219

Abstract: We analyze a Bertrand-Edgeworth game in a homogeneous product industry, under efficient rationing and constant (and identical across firms) marginal cost until full capacity utilization. We solve for the unique equilibrium in a subset of the no pure strategy equilibrium region of the capacity space in which differences in individual capacities are sufficiently small.

Keywords: Bertrand-Edgeworth competition; mixed strategy equilibrium; almost symmetric oligopoly (search for similar items in EconPapers)
Date: 2013
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Working Paper: Bertrand-Edgeworth competition in an almost symmetric oligopoly (2010) Downloads
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DOI: 10.1177/2321022213501259

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