Bertrand competition with intermediation
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
Related Research Unit(s)
|Journal / Publication||Economics Letters|
|Publication status||Published - Jul 2012|
|Link to Scopus||https://www.scopus.com/record/display.uri?eid=2-s2.0-84857211542&origin=recordpage|
We consider a duopolistic Bertrand competition setting in which competing firms can turn into intermediaries. The intermediation option allows firms to take advantage of the rival firm's low price. We then give conditions for the existence of equilibrium. © 2012 Elsevier B.V.
- Bertrand competition, Intermediation, Pure strategy