Convexity of Bertrand oligopoly TU-games with differentiated products

被引:3
|
作者
Lardon, Aymeric [1 ]
机构
[1] Univ Cote Azur, CNRS, GREDEG, Valbonne, France
关键词
Bertrand competition; Cooperation; Core; Convexity; CORE;
D O I
10.1007/s10479-019-03351-7
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
We consider Bertrand oligopoly TU-games with differentiated products. We assume that the demand system is Shubik's and that firms operate at a constant and identical marginal and average cost. Our main results state that Bertrand oligopoly TU-games in alpha characteristic function form satisfy the convexity property, meaning that there exist strong incentives for large-scale cooperation between firms on prices.
引用
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页码:285 / 302
页数:18
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