
handle: 11365/19853 , 11568/141690
In this work we are concerned with static price games played by a given number of capacity- constrained firms producing a homogeneous commodity. The focus is mainly on capacity configurations in which either all firms are equal or all are so except a larger one and such that no pure strategy equilibrium exists. We show that in the former case the symmetrical solution is the unique equilibrium whereas in the latter a number of asymmetrical equilibria may also exist.
mixed strategy equilibrium, symmetric and asymmetric oligopoly; Bertrand-Edgeworth competition; mixed strategy equilibrium; symmetric equilibrium, symmetric and asymmetric oligopoly, Bertrand-Edgeworth competition, symmetric equilibrium
mixed strategy equilibrium, symmetric and asymmetric oligopoly; Bertrand-Edgeworth competition; mixed strategy equilibrium; symmetric equilibrium, symmetric and asymmetric oligopoly, Bertrand-Edgeworth competition, symmetric equilibrium
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