Bertrand model under incomplete information
We consider a Bertrand duopoly model with unknown costs. The firms' aim is to choose the price of its product according to the well-known concept of Bayesian Nash equilibrium. The chooses are made simultaneously by both firms.In this paper, we suppose that each firm has two different technologi...
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| Format: | book |
| Language: | eng |
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2008
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| Online Access: | https://hdl.handle.net/10216/82218 |
| Country: | Portugal |
| Oai: | oai:repositorio-aberto.up.pt:10216/82218 |