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- W2097555118 abstract "We show that bounded monopoly profits are essential for the uniqueness of the Bertrand paradox (zero profit) outcome. Otherwise, a folk theorem obtains for one-shot homogeneous product Bertrand games: any positive (but finite) payoff vector can be achieved in a symmetric mixed-strategy Nash equilibrium." @default.
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- W2097555118 title "A folk theorem for one-shot Bertrand games" @default.
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- W2097555118 doi "https://doi.org/10.1016/s0165-1765(99)00118-4" @default.
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