کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
972296 932552 2009 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Price competition with population uncertainty
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات ریاضیات کاربردی
پیش نمایش صفحه اول مقاله
Price competition with population uncertainty
چکیده انگلیسی

The Bertrand paradox holds that price competition among at least two firms eliminates all profits in equilibrium, when firms have identical constant marginal costs. This assumes that the number of competitors is common knowledge among firms. If firms are uncertain about the number of their competitors, there is no pure strategy equilibrium. But in mixed strategies an equilibrium exists. In this equilibrium it takes a large market to wipe out profits. Thus, with population uncertainty, two are not enough for competition.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Mathematical Social Sciences - Volume 58, Issue 2, September 2009, Pages 145–157
نویسندگان
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