Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.22/4397
Título: Maximum-revenue tariff under Bertrand duopoly with unknown costs
Autor: Ferreira, Fernanda A.
Ferreira, Flávio
Palavras-chave: Game theory
Industrial organization
Optimization
Bertrand model
Tariffs
Uncertainty
Data: 2009
Editora: Elsevier Science BV
Resumo: This paper considers an international trade under Bertrand model with differentiated products and with unknown production costs. The home government imposes a specific import tariff per unit of imports from the foreign firm. We prove that this tariff is decreasing in the expected production costs of the foreign firm and increasing in the production costs of the home firm. Furthermore, it is increasing in the degree of product substitutability. We also show that an increase in the tariff results in both firms increasing their prices, an increase in both expected sales and expected profits for the home firm, and a decrease in both expected sales and expected profits for the foreign firm.
Peer review: yes
URI: http://hdl.handle.net/10400.22/4397
ISSN: 1007-5704
Versão do Editor: http://www.sciencedirect.com/science/article/pii/S1007570409000677
Aparece nas colecções:ESEIG - MAT - Artigos

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