Gallego, Guillermo; Huh, Woonghee Tim; Kang, Wanmo; … - In: Manufacturing & Service Operations Management 8 (2006) 4, pp. 359-375
We show the existence of Nash equilibria in a Bertrand oligopoly price competition game using a possibly asymmetric attraction demand model with convex costs under mild assumptions. We show that the equilibrium is unique and globally stable. To our knowledge, this is the first paper to show the...