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Item Type Article
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AA00260492-19980002-0061  
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Title
Title CONTESTABILITY AND BERTRAND EQUILIBRIUM: A UNIFIED APPROACH  
Kana  
Romanization  
Other Title
Title  
Kana  
Romanization  
Creator
Name RAY CHAUDHURI, Prabal  
Kana  
Romanization  
Affiliation Indian Institute of Management  
Affiliation (Translated)  
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Edition
 
Place
Tokyo  
Publisher
Name Keio Economic Society, Keio University  
Kana  
Romanization  
Date
Issued (from:yyyy) 1998  
Issued (to:yyyy)  
Created (yyyy-mm-dd)  
Updated (yyyy-mm-dd)  
Captured (yyyy-mm-dd)  
Physical description
 
Source Title
Name Keio economic studies  
Name (Translated)  
Volume 35  
Issue 2  
Year 1998  
Month  
Start page 61  
End page 70  
ISSN
00229709  
ISBN
 
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Doctoral dissertation
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Abstract
We seek to unify the standard Bertrand duopoly outcome and the contestable outcome in a single model with price competition. We demonstrate that for small values of the fixed cost, the standard Bertrand duopoly outcome emerges as the equilibrium. For a large enough fixed cost, the unique equilibrium of this game yields the contestable outcome. Interestingly enough, for intermediate values of the fixed cost, duopoly outcomes may co-exist with the contestable one. Furthermore, we find that even under decreasing returns to scale a contestable outcome may exist.
 
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Keyword
Bertrand competition  

contestability  

increasing returns  

convex costs  
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Language
英語  
Type of resource
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Journal Article  
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Dec 18, 2009 09:00:00  
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Dec 18, 2009 09:00:00  
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Index
/ Public / Faculty of Economics / Keio economic studies / 35(2) 1998
 
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