Open Journal of Social Sciences

Volume 4, Issue 3 (March 2016)

ISSN Print: 2327-5952   ISSN Online: 2327-5960

Google-based Impact Factor: 0.73  Citations  

A Pure Strategy Nash Equilibrium Bertrand Game with Strictly Positive Profits

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DOI: 10.4236/jss.2016.43009    3,247 Downloads   4,601 Views  Citations
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ABSTRACT

This paper explores the existence of pure strategy Nash equilibrium of a Bertrand game with strictly positive profits. We show that when fixed cost is small enough, there always exists pure strategy Nash equilibrium with strictly positive profits if firms have quadratic cost functions and linear demand curve.

Share and Cite:

Pu, Y. and Zhu, L. (2016) A Pure Strategy Nash Equilibrium Bertrand Game with Strictly Positive Profits. Open Journal of Social Sciences, 4, 54-56. doi: 10.4236/jss.2016.43009.

Cited by

[1] Bertrand Game Under Cost Function
Australian Economic Papers, 2018
[2] A Survey on the Combined Use of Optimization Methods and Game Theory
Archives of Computational Methods in Engineering, 2018

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