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• W3123560356 abstract "Abstract Demand functions in two related models of oligopolistic price competition with homogeneous products are derived from a set of economically plausible axioms. These axioms represent weaker assumptions about consumer behavior compared to the classic Bertrand model. In both models, firms do not necessarily face a discontinuous demand at an equilibrium price level. Hence, firms may charge an equilibrium price that is above their marginal cost (earning a strictly positive profit). The equilibrium price is lower when there are more firms and/or consumers are more sensitive to price changes. In the limit, when consumers are highly sensitive to price changes, both models converge to the classic Bertrand model." @default.
• W3123560356 created "2021-02-01" @default.
• W3123560356 creator A5070131933 @default.
• W3123560356 date "2018-05-01" @default.
• W3123560356 modified "2023-09-27" @default.
• W3123560356 title "Oligopolistic price competition with a continuous demand" @default.
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• W3123560356 doi "https://doi.org/10.1016/j.mathsocsci.2018.03.002" @default.
• W3123560356 hasPublicationYear "2018" @default.
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