In this paper, we study the relationship between reconciliations in the Colombian electricity market and the bid prices …

In this paper, we study the relationship between reconciliations in the Colombian electricity market and the bid prices …

más, el equilibrio de Bertrand existe siempre para dicho número óptimo, y no existe si el número de empresas activas es …. Finalmente, si el número óptimo de empresas es igual a uno, entonces el equilibrio de Bertrand no existe. …This paper is about a model of Bertrand competition in a homogeneous-good market with free entry of identical firms and …

This paper is about a model of Bertrand competition in a homogeneous-good market with free entry of identical firms and … is equal to that optimum number, then Bertrand equilibrium exists for that optimum number, and it does not exist if the … number of active firms is less than the optimum. The model, however, does not rule out the existence of Bertrand equilibria …

This paper is about a model of Bertrand competition in a homogeneous-good market with free entry of identical firms and … is equal to that optimum number, then Bertrand equilibrium exists for that optimum number, and it does not exist if the … number of active firms is less than the optimum. The model, however, does not rule out the existence of Bertrand equilibria …

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 …, however, does not rule out the existence of Bertrand equilibria with more active firms than the optimum number. Finally, when …