A note on renegotiation in repeated Bertrand duopolies
Research output: Contribution to journal › Article
Weak Renegotiation-Proofness (WW) singles out marginal cost pricing as a unique pure-strategy equilibrium of the infinitely repeated Bertrand duopoly. We show that, with a discrete strategy space, WRP does not eliminate any relevant subgame perfect equilibrium outcome. (c) 2006 Elsevier B.V. All rights reserved.
|Research areas and keywords||
Subject classification (UKÄ) – MANDATORY
|State||Published - 2007|