Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061918 | Economics Letters | 2008 | 4 Pages |
Abstract
This paper analyzes the role of patience in a repeated Bertrand duopoly where firms bargain over which collusive price and market share to implement. It is shown that the least patient firm's market share is not monotone in its own discount factor.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ola Andersson,