Hanazono, Makoto; Yang, Huanxing - In: International Economic Review 48 (2007) 2, pp. 483-515
We study an infinitely repeated Bertrand game in which an i.i.d. demand shock occurs in each period. Each firm receives a private signal about the demand shock at the beginning of each period. At the end of each period, all information but the private signals becomes public. We consider the...