Differentiated bertrand duopoly with variable demand

Martin Peitz

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: Two one-product firms compete in prices on a market with differentiated products. Goods are differentiated because customers switch from one good to the other at different relative prices. With the specification that mean demand in the market is unit-elastic 1 pro vide conditions on the shape of the customer density which guarantee the existence of a unique Bertrand equilibrium.

Keywords: Duopoly equilibrium; price competition; product differentiation (search for similar items in EconPapers)
Pages: 20 pages
Date: 1996-10
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Published by Ivie

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http://www.ivie.es/downloads/docs/wpasad/wpasad-1996-18.pdf Fisrt version / Primera version, 1996 (application/pdf)

Related works:
Journal Article: Differentiated Bertrand duopoly with variable demand (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:1996-18

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