Winner-take-all price competition

被引：30
作者：
Baye, MR
Morgan, J
机构：
[1] Indiana Univ, Kelly Sch Business, Dept Business Econ & Publ Policy, Bloomington, IN 47405 USA
[2] Princeton Univ, Woodrow Wilson Sch Publ & Int Affairs, Princeton, NJ 08544 USA
[3] Princeton Univ, Dept Econ, Princeton, NJ 08544 USA
来源：
ECONOMIC THEORY | 2002年 / 19卷 / 02期
关键词：
price competition; discontinuity; Bertrand; hotelling;
D O I：
10.1007/PL00004212
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We analyze an oligopoly model of homogeneous product price competition that allows for discontinuities in demand and/or costs. Conditions under which only zero profit equilibrium outcomes obtain in such settings are provided. We then illustrate through a series of examples that the conditions provided are "tight" in the sense that their relaxation leads to positive profit outcomes.
引用
收藏
页码：271 / 282
页数：12
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