Bertrand oligopoly revisited
This paper reconsiders Bertrand duopoly and oligopoly in the spatial formulation due to Hotelling, 1929. The equilibrium configurations of price and location structure are considered, given elastic demand, and a full dynamics is formulated in order to check for stability of equilibrium and the poss...
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| Format: | Article |
| Language: | English |
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Hindawi Limited
2001-01-01
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| Series: | Discrete Dynamics in Nature and Society |
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| Online Access: | http://dx.doi.org/10.1155/S1026022601000012 |