Article ID Journal Published Year Pages File Type
5061918 Economics Letters 2008 4 Pages PDF
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.

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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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On the role of patience in collusive Bertrand duopolies
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