De Francesco, Massimo A. and Salvadori, Neri (2010): Bertrand-Edgeworth competition in an almost symmetric oligopoly.
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We analyze a Bertrand-Edgeworth game in homogeneous product industry, under effcient rationing, constant marginal cost until full capacity utilization, and identical technology across firms. We solve for the equilibrium and establish its uniqueness for capacity configurations in the mixed strategy region of the capacity space such that the capacities of the largest and smallest firm are sufficiently close.
|Item Type:||MPRA Paper|
|Original Title:||Bertrand-Edgeworth competition in an almost symmetric oligopoly|
|English Title:||Bertrand-Edgeworth competition in an almost symmetric oligopoly|
|Keywords:||Bertrand-Edgeworth competition; mixed strategy equilibrium; almost symmetric oligopoly; Mixed strategy equilibrium|
|Subjects:||L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L13 - Oligopoly and Other Imperfect Markets
D - Microeconomics > D4 - Market Structure and Pricing > D43 - Oligopoly and Other Forms of Market Imperfection
C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games
|Depositing User:||Neri Salvadori|
|Date Deposited:||03. Aug 2010 10:00|
|Last Modified:||14. Feb 2013 02:10|
De Francesco, M. A., Salvadori N., Bertrand-Edgeworth games under oligopoly with a complete characterization for the triopoly, MPRA working paper No. 24087 (2010).
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