A note on renegotiation in repeated Bertrand duopolies

Research output: Contribution to journalJournal articlepeer-review

  • Ola Andersson
  • Erik Roland Wengström
Weak Renegotiation-Proofness (WRP) 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
Original languageEnglish
JournalEconomics Letters
Volume95
Issue number3
Pages (from-to)398-401
ISSN0165-1765
DOIs
Publication statusPublished - 2007

ID: 2736855