Differentiated bertrand duopoly with variable demand

Two one-product firms compete in prices on a market with differentiated products. Goods are differentiated because customers switch from one good to the other at different relative prices. With the specification that mean demand in the market is unit-elastic 1 pro vide conditions on the shape of the customer density which guarantee the existence of a unique Bertrand equilibrium.

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Year of publication:	1996-10
Authors:	Peitz, Martin
Institutions:	Instituto Valenciano de Investigaciones Económicas (IVIE)
Subject:	Duopoly equilibrium \| price competition \| product differentiation

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Extent:	application/pdf
Series:	Working Papers. Serie AD.
Type of publication:	Book / Working Paper
Notes:	Published by Ivie 20 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008542877