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Year of publication
Subject
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Nash equilibrium 1 Price competition 1 ap- proximate equilibrium 1 incomplete information 1 price dispersion 1
Online availability
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Free 1
Type of publication
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Book / Working Paper 1
Language
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Undetermined 1
Author
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Faias, Marta 1 Hervés-Estévez, Javier 1 Moreno-García, Emma 1
Institution
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Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 1
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MPRA Paper 1
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RePEc 1
Showing 1 - 1 of 1
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Stability in price competition revisited
Faias, Marta; Hervés-Estévez, Javier; Moreno-García, Emma - Volkswirtschaftliche Fakultät, … - 2014
We consider consumers with the same reservation price, who desire to buy at most one unit of a good. Firms compete only in prices but there are other features firms cannot control that would eventually lead an agent to buy in one firm or another. We introduce such uncertainty in a model of a...
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