Alexander Zimper

Correcting Turnbull’s (1983) characterization of Nash equilibria in affine supply function competition

Abstract Turnbull (Econ Lett 13: 253–258, 1983) describes unique symmetric Nash equilibria for supply function competition under demand uncertainty which consist of affine strategies that are nonlinear. For the same economy Klemperer and Meyer (Econometrica 79: 1919–1966, 1989) d...