Price is a decisive purchasing factor, both for people and for organizations, regardless of their socioeconomic status, purchasing power or size, so products and services might have the right, convenient, fair and suitable ...

This paper extends the oligopolistic model of price competition to environments with multiple goods, heterogeneous consumers, and arbitrary continuous cost functions. A Nash equilibrium in mixed strategies with an endogenous ...

Supply and demand are basic economic factors that organizations must take into consideration in the pricing of goods and services. Competitive pricing, ideally, suits the perceived value of the product , it allows to ...

Random choices of prices and product characteristics can be used by a contestable monopolist to deter entry and fully extract the monopoly rent. We develop this idea in a model of Bertrand price competition. In equilibrium, ...

The price is one of the most important contacts with our clients, therefore need to be in tune with the perception of consumers about our products. Establish what is the best strategy for pricing is essential for our ...

Market deregulation, emergence of new technologies, and the rising penetration of variable renewable generators are increasing electricity price variability and the risk faced by generation portfolios in spot markets. In ...

This paper studies price-setting behavior in a Bertrand-Edgeworth game, a traditional setup that provides a stylized representation of real-world markets (such retail markets). It explores methodological complementarities ...

This paper studies Bertrand price-setting behavior when firms face capacity constraints (Bertrand–Edgeworth game). This game is known to lack equilibria in pure strategies, while the mixed-strategy equilibria are hard to ...