Journal
ECONOMICS LETTERS
Volume 78, Issue 2, Pages 167-168Publisher
ELSEVIER SCIENCE SA
DOI: 10.1016/S0165-1765(02)00217-3
Keywords
Bertrand competition; mixed strategies
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This paper reexamines Bertrand competition with homogeneous products and different marginal costs. It is shown that the conventional outcome is supported by an equilibrium in the original game under the standard rationing rule. (C) 2002 Elsevier Science B.V. All rights reserved.
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