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<title>Discussion Paper 05-06</title>
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<center><a href="workingpapers.html">Discussion Papers in Economics</a></center>
<p><center> Planning Unit, Indian Statistical Institute, Delhi</center></p>

<p>#05-06:
<p><center><b>"The Folk Theorem and BertrandCompetition." 
</b><br> 
By Prabal Roy Chowdhury
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<p><center><i>Abstract</i></center></p>

<p>We examine if the folk theorem of perfect competition holds under
Bertrand competition (when firms supply all demand), both when entry is
exogenous, as well as when it is free. Inter alia, we also characterize the
limit equilibrium sets.

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<a href="dp05-06.pdf">Full-Text</a> 


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