The contestable outcome as a bertrand equilibrium

Economics Letters

Volumn 50, Issue 2, 1996, Pages 237-242

  Chaudhuri, Prabal Ray ^a  

^a JAWAHARLAL NEHRU UNIVERSITY   (India)

Author keywords

Bertrand competition; Contestability; Increasing returns

Indexed keywords

EID: 0030306927     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/0165-1765(95)00742-3     Document Type: Article

References (5)

1. Baumol, W., E. Bailey and R. Willig, 1977, Weak indivisible hand theorems on the sustainability of prices in a multiproduct monopoly, American Economic Review 67, 350-367.
2. Baumol, W., J. Panzar and R. Willig, 1982, Contestable markets and the theory of industrial structure (Harcourt Brace Jovanovich, New York).
3. Grossman, S., 1981, Nash equilibrium and the industrial organization of firms with large fixed costs, Econometrica 49, 1149-1172.
4. Maskin, E. and J. Tirole, 1988, A theory of dynamic oligopoly, I. overview and quantity competition with large fixed costs, Econometrica 56, 549-570.
5. Tirole, J., 1988, The theory of industrial organization (MIT Press, Cambridge, MA).