Abstract
We prove the existence of a continuum of pure strategy equilibria with strictly positive profits in Bertrand games with strictly convex costs, discontinuous market demand, and a very general class of asymmetric tie-breaking rules.
Original language | English |
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Pages (from-to) | 277-279 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 108 |
Issue number | 3 |
DOIs | |
State | Published - Sep 2010 |
Keywords
- Bertrand games
- Strictly convex costs
- Tie-breaking rules
ASJC Scopus subject areas
- Finance
- Economics and Econometrics