A two-stage Bertrand-Edgeworth game

Authors
Tasnadi, A
Citation
A. Tasnadi, A two-stage Bertrand-Edgeworth game, ECON LETT, 65(3), 1999, pp. 353-358
Citations number
7
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
65
Issue
3
Year of publication
1999
Pages
353 - 358
Database
ISI
SICI code
0165-1765(199912)65:3<353:ATBG>2.0.ZU;2-U
Abstract
In our investigation we are expanding a Bertrand-Edgeworth duopoly into a t wo-stage game in which during the first stage the firms can select their ra tioning rule. We will show that under certain conditions the efficient rati oning rule is an equilibrium action of the first stage. (C) 1999 Elsevier S cience S.A. All rights reserved.