HIGHLIGHTS
- who: Bertrand-Edgeworth competition et al. from the Business School, University of Nottingham, Nottingham, BB, UK have published the Article: Journal of Mathematical Economics, in the Journal: (JOURNAL)
- what: The authors demonstrate that a pure strategy price equilibrium exists if the market demand is uniformly elastic in each state. In this context, the authors provide conditions that guarantee the existence of a pure strategy equilibrium, which are straight-forward to understand, interpret and implement.
- how: This paper proposes a theoretical foundation for this phenomenon in the context of a capacity-constrained price game . . .
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