This paper is about a model of Bertrand competition in a homogeneous-good market with free entry of identical firms and variable returns to scale. If the optimum number of active firms in the market is two or more, and the number of active firms is equal to that optimum number, then Bertrand...

We present a two-firm model of predation under complete information, based on different discount factors, and integrate it with a model of collusion. Competition, collusion and predation are seen as alternative strategies. The basic conclusions are that t

Este trabajo es acerca de un modelo de competencia en precios en el mercado de un producto homogéneo con libre entrada de empresas idénticas y rendimientos variables a escala. Si el número óptimo de empresas activas en el mercado es dos o más, el equilibrio de Bertrand existe siempre para...

Este trabajo presenta un modelo de depredación bajo condiciones de información completa y lo integra con un modelo de colusión. La competencia, la colusión y la depredación son estrategias alternativas de las dos empresas que se incluyen en el modelo. Las conclusiones básicas son que hay...

This paper presents a model of market power analysis in a context of symmetric product differentiation. Each variety possesses a homogeneous and a heterogeneous component, that consumers value separately. According to the way in which firms exercise their influence on prices, four behavioral...

Este trabajo es acerca de un modelo de competencia en precios en el mercado de un producto homogéneo con libre entrada de empresas idénticas y rendimientos variables a escala. Si el número óptimo de empresas activas en el mercado es dos o más, el equilibrio de Bertrand existe siempre para...

This paper is about a model of Bertrand competition in a homogeneous-good market with free entry of identical firms and variable returns to scale. If the optimum number of active firms in the market is two or more, and the number of active firms is equal to that optimum number, then Bertrand...

This paper is about a model of Bertrand competition in a homogeneous-good market with free entry of identical firms and variable returns to scale. If the optimum number of active firms in the market is two or more, and the number of active firms is equal to that optimum number, then Bertrand...

This paper is about a model of Bertrand competition in a homogeneous-good market with free entry of identical firms and variable returns to scale. If the optimum number of active firms in the market is two or more, Bertrand equilibrium always exists for that optimum number, and it does not exist...

We analyze the credit channel effects on new residential property prices in Medellín, Colombia, using a simultaneous equations model. Our empirical results show that the main determinants of new residential properties prices are mortgage interest rates and the availability of government...