Proceedings of the 2015 International Conference on Material Science and Applications

Bertrand Pricing Games under Differentiated Products and Distinct Cost Condition

Authors
Zhi-Gang Wang
Corresponding Author
Zhi-Gang Wang
Available Online June 2014.
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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Volume Title
Proceedings of the 2015 International Conference on Material Science and Applications
Series
Advances in Physics Research
Publication Date
June 2014
ISBN
978-94-62520-75-2
ISSN
2352-541X
DOI
10.2991/icmsa-15.2015.141How to use a DOI?
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/).

Cite this article

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  -