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A note on renegotiation in repeated Bertrand duopolies

Andersson, Ola LU and Wengström, Erik LU (2007) In Economics Letters 95(3). p.398-401
Abstract
Weak Renegotiation-Proofness (WW) singles out marginal cost pricing as a unique pure-strategy equilibrium of the infinitely repeated Bertrand duopoly. We show that, with a discrete strategy space, WRP does not eliminate any relevant subgame perfect equilibrium outcome. (c) 2006 Elsevier B.V. All rights reserved.
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author
and
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
repeated, noncooperative game theory, weak renegotiation-proofness, bertrand games
in
Economics Letters
volume
95
issue
3
pages
398 - 401
publisher
Elsevier
external identifiers
  • wos:000247149000014
  • scopus:34248584416
ISSN
0165-1765
DOI
10.1016/j.econlet.2006.11.014
language
English
LU publication?
yes
id
5f9995af-0187-4a6e-827d-92cb2a2c55d7 (old id 648936)
date added to LUP
2016-04-01 12:36:31
date last changed
2022-03-21 06:38:08
@article{5f9995af-0187-4a6e-827d-92cb2a2c55d7,
  abstract     = {{Weak Renegotiation-Proofness (WW) singles out marginal cost pricing as a unique pure-strategy equilibrium of the infinitely repeated Bertrand duopoly. We show that, with a discrete strategy space, WRP does not eliminate any relevant subgame perfect equilibrium outcome. (c) 2006 Elsevier B.V. All rights reserved.}},
  author       = {{Andersson, Ola and Wengström, Erik}},
  issn         = {{0165-1765}},
  keywords     = {{repeated; noncooperative game theory; weak renegotiation-proofness; bertrand games}},
  language     = {{eng}},
  number       = {{3}},
  pages        = {{398--401}},
  publisher    = {{Elsevier}},
  series       = {{Economics Letters}},
  title        = {{A note on renegotiation in repeated Bertrand duopolies}},
  url          = {{http://dx.doi.org/10.1016/j.econlet.2006.11.014}},
  doi          = {{10.1016/j.econlet.2006.11.014}},
  volume       = {{95}},
  year         = {{2007}},
}