کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5078757 | 1477358 | 2008 | 16 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Bertrand-Edgeworth equilibrium with a large number of firms
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Bertrand-Edgeworth equilibrium with a large number of firms Bertrand-Edgeworth equilibrium with a large number of firms](/preview/png/5078757.png)
چکیده انگلیسی
We examine a model of price competition with strictly convex costs where the firms simultaneously decide on both price and quantity, are free to supply less than the quantity demanded, and there is discrete pricing. If firms are symmetric then, for a large class of residual demand functions, there is a unique equilibrium in pure strategies whenever, for a fixed grid size, the number of firms is sufficiently large. Moreover, this equilibrium price is within a grid-unit of the competitive price. The results go through to a large extent when the firms are asymmetric, or they are symmetric but play a two-stage game and the tie-breaking rule is 'weakly manipulable'.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Industrial Organization - Volume 26, Issue 3, May 2008, Pages 746-761
Journal: International Journal of Industrial Organization - Volume 26, Issue 3, May 2008, Pages 746-761
نویسندگان
Prabal Roy Chowdhury,