Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10001696338
Persistent link: https://www.econbiz.de/10001408277
We consider a duopoly pricing game with a unique Bertrand-Nash equilibrium. The high-price firm has a nonvanishing market share, however, and intuition suggests that observed prices may be positively related to this market share. This relationship is implied by a model in which players make...
Persistent link: https://www.econbiz.de/10014111531