English, Article edition: BECKMANN'S EDGEWORTH-BERTRAND DUOPOLY EXAMPLE REVISITED ALEXEI F. CHEVIAKOV; JOHN M. HARTWICK

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Physical Description
  • article
Language
  • English

Edition details

Title
  • BECKMANN'S EDGEWORTH-BERTRAND DUOPOLY EXAMPLE REVISITED
Author
  • ALEXEI F. CHEVIAKOV
  • JOHN M. HARTWICK
Physical Description
  • article
Notes
  • In the Edgeworth-Bertrand price game, each player has a capacity output, faces the same market demand, and calls out a price. The high-price caller gets some residual market at her price. The low-price caller gets her capacity at her price or all of the market. We re-work Beckmann's closed form solution to his symmetric version of this game, mostly in mixed strategies, and observe that expected price played by a player declines with the size of her exogenously given capacity.
  • Bertrand duopoly, price game, Journal Classification: C72, Journal Classification: D43
  • RePEc:wsi:igtrxx:v:07:y:2005:i:04:p:461-472
Language
  • English
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