Bertrand-Edgeworth Competition in an Almost Symmetric Oligopoly

We analyze a Bertrand-Edgeworth game in a homogeneous product industry, under efficient rationing and constant (and identical across firms) marginal cost until full capacity utilization. We solve for the unique equilibrium in a subset of the no pure strategy equilibrium region of the capacity space in which differences in individual capacities are sufficiently small.

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Year of publication:	2013
Authors:	Francesco, Massimo A. De ; Salvadori, Neri
Published in:	Studies in Microeconomics. - Vol. 1.2013, 2, p. 213-219
Subject:	Bertrand-Edgeworth competition \| mixed strategy equilibrium \| almost symmetric oligopoly

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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