Bertrand
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Revisiting the Bertrand Paradox via Equilibrium Analysis of No-regret Learners
Announce Type: replace Abstract: We study the discrete Bertrand pricing game with a non-increasing demand function. The game has $n \ge 2$ players who simultaneously choose prices from the set $\{1/k, 2/k, \ldots, 1\}$, where $k\in\mathbb{N}$. The player who sets the lowest price captures the entire demand; if multiple players tie for the lowest price, they split the demand equally. We study the Bertrand paradox, where classical theory predicts low prices, yet real markets often sustain high...
Earth from Above author returns with astonishing freshwater images
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Tonight, we’re staying in: Patrick Bruel cancels his summer shows
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