Ex-post price stability with convex costs
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DOI: 10.1007/s00182-017-0599-1
Abstract: Homogeneous goods markets with convex costs, do not generally possess Bertrand-Nash equilibria in pure strategies. In order to identify ex-post stable prices in such markets, the set of outcomes feasible in Bertrand competition are analysed… read more here.
Keywords: post stable; price; price stability; stability convex ... See more keywords