• Title of article

    Bertrand competition with incomplete share for lower price

  • Author/Authors

    Tao Huang، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2004
  • Pages
    6
  • From page
    239
  • To page
    244
  • Abstract
    In this paper, a new type of share function is introduced to prevent lower-price firm taking all the market in Bertrand game and so we can describe continuous change from isolated market to Bertrand market. The firms can earn a positive profit in price competition no matter how many firms are present in the market. Different prices are also possible by changing parameters.
  • Keywords
    Bertrand game , market share , Price competition
  • Journal title
    Economics Letters
  • Serial Year
    2004
  • Journal title
    Economics Letters
  • Record number

    435413