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Infinite repetition of the n-firm bertrand game

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Reference no: EM132262371

Consider the infinite repetition of the n-firm Bertrand game. Find the set of discount factors Delta for which full collusion (i.e. monopoly pricing) can be sustained by reversion to the one-shot Bertrand equilibrium as a threat.

Hint: This is similar to class notes but for n>= 3 firms (instead of just 2). So just adapt the class notes

Reference no: EM132262371

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