The Folk theorem and bertrand competition

We examine if the folk theorem of perfect competition holds under Bertrand competition (when firms supply all demand), both when entry is exogenous, as well as when it is free. Inter alia, we also characterize the limit equilibrium sets.

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Year of publication:	2005-08
Authors:	Chowdhury, Prabal Roy
Institutions:	Indian Statistical Institute
Subject:	Bertrand oligopoly \| folk theorem \| limit properties \| exogenous entry \| free entry

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Series:	Indian Statistical Institute, Planning Unit, New Delhi Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	29 pages
Classification:	D43 - Oligopoly and Other Forms of Market Imperfection ; D41 - Perfect Competition ; L13 - Oligopoly and Other Imperfect Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004979338