Fanti, Luciano; Gori, Luca - In: Journal of Industry, Competition and Trade 13 (2013) 4, pp. 481-501
We study the local stability properties of a nonlinear Bertrand duopoly with vertical differentiation and heterogeneous players under the hypotheses of both covered and uncovered markets. In the former case, the unique pure strategy Nash equilibrium can undergo a flip bifurcation when the extent...