Bertrand competition with non-rigid capacity constraints

被引:8
作者
Chowdhury, Prabal Roy [1 ]
机构
[1] Indian Stat Inst, Delhi Ctr, New Delhi 110016, India
关键词
Bertrand competition; Capacity constraint; COURNOT OUTCOMES; LARGE MARKETS; EQUILIBRIUM; EXISTENCE; ENTRY;
D O I
10.1016/j.econlet.2009.01.025
中图分类号
F [经济];
学科分类号
02 ;
摘要
We examine Bertrand competition with non-rigid capacity constraints, demonstrating that the set of pure strategy Nash equilibrium constitutes an interval. We then examine the properties of this set as (a) the number of firms becomes large and (b) the capacity cost increases. (C) 2009 Elsevier B.V. All rights reserved.
引用
收藏
页码:55 / 58
页数:4
相关论文
共 13 条
[1]   BERTRAND-EDGEWORTH OLIGOPOLY IN LARGE MARKETS [J].
ALLEN, B ;
HELLWIG, M .
REVIEW OF ECONOMIC STUDIES, 1986, 53 (02) :175-204
[2]   Bertrand competition and Cournot outcomes: further results [J].
Boccard, N ;
Wauthy, X .
ECONOMICS LETTERS, 2000, 68 (03) :279-285
[3]   Bertrand competition and Cournot outcomes: a correction [J].
Boccard, N ;
Wauthy, X .
ECONOMICS LETTERS, 2004, 84 (02) :163-166
[4]  
Chamberlin E., 1933, The theory of monopolistic competition: A re- orientation of the theory of value
[5]   The contestable outcome as a Bertrand equilibrium [J].
Chaudhuri, PR .
ECONOMICS LETTERS, 1996, 50 (02) :237-242
[6]   Coalition-proof Bertrand equilibria [J].
Chowdhury, PR ;
Sengupta, K .
ECONOMIC THEORY, 2004, 24 (02) :307-324
[7]   THE EXISTENCE OF EQUILIBRIUM IN DISCONTINUOUS ECONOMIC GAMES .2. APPLICATIONS [J].
DASGUPTA, P ;
MASKIN, E .
REVIEW OF ECONOMIC STUDIES, 1986, 53 (01) :27-41
[8]   ON THE EXISTENCE OF PURE STRATEGY BERTRAND EQUILIBRIUM [J].
DASTIDAR, KG .
ECONOMIC THEORY, 1995, 5 (01) :19-32
[9]   ROLE OF INVESTMENT IN ENTRY-DETERRENCE [J].
DIXIT, A .
ECONOMIC JOURNAL, 1980, 90 (357) :95-106
[10]  
Maggi G, 1996, AM ECON REV, V86, P237