Article ID Journal Published Year Pages File Type
7353052 Games and Economic Behavior 2018 5 Pages PDF
Abstract
The paper provides necessary and sufficient conditions for the uniqueness of pure-strategy Nash equilibrium in the standard Bertrand duopoly with a homogeneous product. The main condition is elementary, easy to interpret, and nests all known sufficient conditions in the literature.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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A new look at the classical Bertrand duopoly
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