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Price competition and market concentration : an experimental study
Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Economics.
1998 (English)Report (Other scientific)
Abstract [en]

The classical price competition model (named after Bertrand), prescribes that in equilibrium prices are equal to marginal costs. Moreover, prices do not depend on the number of competitors. Since this outcome is not in line with real-life observations, it

Place, publisher, year, edition, pages
Uppsala: Department of Economics , 1998.
, Working paper / Department of Economics, Uppsala University, 1998:8
URN: urn:nbn:se:uu:diva-44629OAI: oai:DiVA.org:uu-44629DiVA: diva2:72534
Available from: 2008-10-17 Created: 2008-10-17

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