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The Dynamics of Bertrand Price Competition with Cost-Reducing Investments
Fedor Iskhakov, John Rust,
Bertel Schjerning
3
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Keyphrases
Cost-reducing Investment
100%
Bertrand Competition
100%
Markov Perfect Equilibrium
100%
Payoff
50%
Equilibrium Payoffs
50%
Dynamic Setting
25%
Mixed Strategy
25%
Price Competition
25%
Bertrand Duopoly
25%
Duopoly Model
25%
Low-cost Leadership
25%
Production Technology
25%
Asynchronously
25%
Economics, Econometrics and Finance
Cost Leadership
50%