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
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