Showing 1 - 2 of 2
This paper provides a simple solution to the problem of nonexistence of pure-strategy equilibria in Bertrand-Edgeworth models with strictly convex costs. The voluntary-trading constraint in standard Bertrand-Edgeworth models is generalized to allow for there being costs incurred when customers...
Persistent link: https://www.econbiz.de/10005139909
Persistent link: https://www.econbiz.de/10005655459