Detail Bertrand Equilbrium in A Differentiated Duopoly   Oleh:  Bester, Helmut Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 33 no. 2 (1992), page 433-448. Topik: duopoly; bertrand equilibrium; duopoly Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper studies the stability of price competition in a horizontally differentiated duopoly. The firms' demand is derived from a distribution of consumer preferences. This description of the consumer sector is applicable to a large class of differentiated commodity markets, including spatial competition models. We show that there is a (pure) price setting equilibrium when consumer tastes are sufficiently dispersed. Further conditions on the dispersedness of preferences guarantee uniqueness of the equilibrium. In addition, we examine the relation between consumer preferences and the competitiveness and efficiency of the equilibrium outcome. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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