Linear convergence of Tatonnement in a Bertrand oligopoly

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We show the linear convergence of the tatonnement scheme in a Bertrand oligopoly price competition game using a possibly asymmetric attraction demand model with convex costs. To demonstrate this, we also show the existence of the equilibrium.
Publisher
SPRINGER-VERLAG BERLIN
Issue Date
2006
Language
English
Article Type
Article; Proceedings Paper
Keywords

STRATEGIC COMPLEMENTARITIES; COMPARATIVE STATICS; EQUILIBRIUM; COMPETITION; GAMES

Citation

COMPUTATIONAL SCIENCE AND ITS APPLICATIONS - ICCSA 2006, PT 3 BOOK SERIES: LECTURE NOTES IN COMPUTER SCIENCE, v.3982, pp.822 - 831

ISSN
0302-9743
URI
http://hdl.handle.net/10203/86088
Appears in Collection
MA-Journal Papers(저널논문)
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