Bertrand Pricing Games under Differentiated Products and Distinct Cost Condition

DOI

10.2991/icmsa-15.2015.141How to use a DOI?

Keywords

Bertrand Game, Cooperative Pricing, Equal Profit Curve.

Abstract

Under differentiated products and distinct cost condition, companies will not price at marginal cost, therefore they can achieve positive profits. Bertrand paradox can be solved to some extent. On the basis of price competition, companies can adopt price cooperation to improve their profit. With equal profit curve, we can observe the differences of increased profits under different cooperative patterns, which can help companies to improve the cooperative patterns and find better cooperative pattern.

Copyright

© 2015, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhi-Gang Wang
PY  - 2014/06
DA  - 2014/06
TI  - Bertrand Pricing Games under Differentiated Products and Distinct Cost Condition
BT  - Proceedings of the 2015 International Conference on Material Science and Applications
PB  - Atlantis Press
SP  - 771
EP  - 776
SN  - 2352-541X
UR  - https://doi.org/10.2991/icmsa-15.2015.141
DO  - 10.2991/icmsa-15.2015.141
ID  - Wang2014/06
ER  -