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Bertrand equilibrium with subadditive costs

✍ Scribed by Krishnendu Ghosh Dastidar


Book ID
116422926
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
193 KB
Volume
112
Category
Article
ISSN
0165-1765

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This paper considers an international trade under Bertrand model with differentiated products and with unknown production costs. The home government imposes a specific import tariff per unit of imports from the foreign firm. We prove that this tariff is decreasing in the expected production costs of