Showing papers by "Venkataraman Bhaskar published in 1988"

TL;DR: In a simple model of duopoly, firms' price moves are modelled as an extensive form game where firms can respond to undercutting without delay as mentioned in this paper, and kinked demand strategies enforcing an arbitrary price may be Nash equilibria; however, these strategies are dominated and perfect equilibrium is unique at the minimum optimal common price.