Dynamic Bertrand Competition with Intertemporal Demand

  title={Dynamic Bertrand Competition with Intertemporal Demand},
  author={Prajit Dutta and W. Weibull},
The standard model of dynamic oligopolistic competition views firms as players in a repeated game, where the demand function is the same in every period. This is not a satisfactory model of the demand side if consumers can make intertemporal substitution between periods. Each period then leaves some residual demand to future periods, and pricing in one… CONTINUE READING