Competitive and Bertrand Equilibria, With and Without Product Differentiation

In this paper we show that a homogeneous-product market with multiple Bertrand equilibria becomes a market with a single Bertrand equilibrium when we introduce a small degree of product differentiation. When differentiation tends to zero, that Bertrand equilibrium converges to the unique competitive equilibrium of the homogeneous-product market, which is in turn one of the multiple Bertrand equilibria for that market

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Year of publication:	2009
Authors:	Coloma, German
Publisher:	[2009]: [S.l.] : SSRN
Subject:	Produktdifferenzierung \| Product differentiation \| Theorie \| Theory \| Duopol \| Duopoly \| Wettbewerb \| Competition \| Oligopol \| Oligopoly

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Extent:	1 Online-Ressource (12 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Revista de Análisis Económico - Economic Analysis Review, Vol. 24, No. 1, 2009 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 1, 2009 erstellt
Classification:	D43 - Oligopoly and Other Forms of Market Imperfection ; L13 - Oligopoly and Other Imperfect Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013158272