search query: @author Rasmusen, E. / total: 3
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| Author: | Janssen, M. Rasmusen, E. |
| Title: | Bertrand competition under uncertainty |
| Journal: | Journal of Industrial Economics
2002 : MAR, VOL. 50:1, p. 11-21 |
| Index terms: | COMPETITION UNCERTAINTY |
| Language: | eng |
| Abstract: | The authors look at Bertrand model in which each firm may be inactive with a known probability, so the number of active firms is uncertain. The model has mixed-strategy equilibrium, in which industry profits are positive and decline with the number of firms, the same features which make the Cournot model attractive. |
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