Bertrand-Edgeworth equilibrium large markets with non-manipulable residual demand

被引：4
|
作者：
Chowdhury, PR [1 ]
机构：
[1] Jawaharlal Nehru Univ, Sch Int Studies, CSDILE, New Delhi 110067, India
来源：
ECONOMICS LETTERS | 2003年 / 79卷 / 03期
关键词：
Bertrand equilibrium; non-manipulable residual demand;
D O I：
10.1016/S0165-1765(03)00030-2
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In a model of price competition among capacity-constrained firms with 'non-manipulable' residual demand, we demonstrate that if the number of firms is large, then the unique equilibrium yields the competitive price. The result goes through even when firms produce to order. (C) 2003 Elsevier Science B.V. All rights reserved.
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页码：371 / 375
页数：5
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