A note on renegotiation in repeated Bertrand duopolies
(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.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/648936
- author
- Andersson, Ola LU and Wengström, Erik LU
- organization
- publishing date
- 2007
- 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}}, }