APPROXIMATE BERTRAND EQUILIBRIA IN A REPLICATED INDUSTRY

被引：29

作者：

DIXON, H

机构：

来源：

REVIEW OF ECONOMIC STUDIES | 1987年 / 54卷 / 01期

基金：

英国经济与社会研究理事会;

关键词：

D O I：

10.2307/2297445

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper considers the existence and properties of approximate Bertrand equilibria in a replicated industry. Price setting firms produce a homogeneous product with weakly convex costs. The main results are that: (a) Given ɛ > 0, an ɛ-equilibrium exists if the industry is large enough; (b) If the ɛ is small enough, and the industry large enough, any ɛ-equilibrium is approximately competitive. These results depend on how contingent demand is specified. © 1987 The Society for Economic Analysis Limited.

引用

页码：47 / 62

页数：16

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