Article ID Journal Published Year Pages File Type
5062506 Economics Letters 2007 4 Pages PDF
Abstract

Weak Renegotiation-Proofness (WRP) singles out marginal cost pricing as a unique pure-strategy equilibrium of the infinitely repeated Bertrand duopoly. We show that, with a discrete strategy space, WRP does not eliminate any relevant subgame perfect equilibrium outcome.

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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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A note on renegotiation in repeated Bertrand duopolies
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