4.1 Article

Bertrand games and sharing rules

期刊

ECONOMIC THEORY
卷 31, 期 3, 页码 573-585

出版社

SPRINGER
DOI: 10.1007/s00199-006-0112-8

关键词

Bertrand games; sharing rule; tie-decreasing sharing rule; coalition monotonicity

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We consider asymmetric Bertrand games with arbitrary payoffs at ties or sharing rules, and identify sufficient conditions for the zero-profit outcome and the existence of Nash equilibria. Subject to some technical conditions on non- tied payoffs the following hold. If the sharing rule is strictly tie-decreasing all players but one receive zero equilibrium payoffs, while everybody does so if non- tied payoffs are symmetric. Mixed (pure) strategy Nash equilibria exist if the sharing rule is (norm) tie-decreasing and coalition-monotone.

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