Title: Uncertainty over product differentiation in a price-setting duopoly
Abstract: The Bertrand price game is modified to allow firms to be uncertain about the degree of product differentiation. The set of equilibrium prices is found to be discontinuous in this type of uncertainty. Firms can sustain prices in excess of that which can be sustained when it is common knowledge that products are maximally differentiated.
Publication Year: 1992
Publication Date: 1992-07-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 2
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