Tuesday, June 30, 2015

A Bertrand-Edgeworth oligopoly with a public firm

Zoltan Racz, Corvinus University of Budapest and Attila Tasnadi, Corvinus University of Budapest offer A Bertrand-Edgeworth oligopoly with a public firm.

ABSTRACT: We determine conditions under which a pure-strategy equilibrium of a mixed Bertrand-Edgeworth oligopoly exists. In addition, we determine its pure-strategy equilibrium whenever it exists and compare the equilibrium outcome with that of the standard Bertrand-Edgeworth oligopoly with only private firms.

https://lawprofessors.typepad.com/antitrustprof_blog/2015/06/a-bertrand-edgeworth-oligopoly-with-a-public-firm.html

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