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- W2124723737 abstract "We analyze how sharing rules affect Nash equilibria in Bertrand games, where the sharing of profits at ties is a decisive assumption. Necessary conditions for either positive or zero equilibrium profits are derived. Zero profit equilibria are shown to exist under weak conditions if the sharing rule is sign-preserving. For Bertrand markets we define the class of expectation sharing rules, where profits at ties are derived from some distribution of quantities. In this class the winner-take-all sharing rule is the only one that is always sign-preserving, while for each pair of demand and cost functions there may be many others." @default.
- W2124723737 created "2016-06-24" @default.
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- W2124723737 date "2005-01-01" @default.
- W2124723737 modified "2023-10-16" @default.
- W2124723737 title "Bertrand Equilibria and Sharing Rules" @default.
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- W2124723737 doi "https://doi.org/10.2139/ssrn.882470" @default.
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