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Bertrand-Edgeworth games under triopoly: the payoffs

Massimo De Francesco () and Neri Salvadori ()

MPRA Paper from University Library of Munich, Germany

Abstract: The paper extends the analysis of price competition among capacity constrained sellers beyond duopoly and symmetric oligopoly. The main focus is on the equilibrium payoffs under triopoly. The paper also includes insightful examples highlighting features of equilibrium which can arise in a triopoly but not in a duopoly. Most notably, the supports of the equilibrium strategies need not be connected, nor need be connected the union of the supports; further, an atom may exist for a firm different from the largest one.

Keywords: Bertrand-Edgeworth; Price game; Oligopoly; Triopoly; Mixed strategy equilibrium (search for similar items in EconPapers)
JEL-codes: C72 D47 L13 (search for similar items in EconPapers)
Date: 2015-05-27
New Economics Papers: this item is included in nep-com, nep-gth, nep-hpe and nep-ind
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

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