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Profit loss in differentiated oligopolies |
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| Authors: | Amr Farahat Georgia Perakis |
| Affiliation: | a Johnson Graduate School of Management, Cornell University, Ithaca, NY 14853, USA b Sloan School of Management, M.I.T., Cambridge, MA 02139, USA |
| Abstract: | We provide sharp lower and upper bounds on the ratio of decentralized to centralized profits when multiproduct firms offering differentiated products engage in price competition. The bounds depend on the demand sensitivity matrix but are independent of marginal costs. |
| Keywords: | Bertrand competition Price of anarchy |
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