Versus NAS limitations, auditor dos additionally the agent give NAS at pricing while they participate in undifferentiated Bertrand battle

Versus NAS limitations, auditor dos additionally the agent give NAS at pricing while they participate in undifferentiated Bertrand battle

Corollary 1

Lemma 1 means that, absent NAS limits, brand new NAS industry does not get in touch with new audit markets.18 18 Remember that unveiling features modeled somewhere else, eg liberty risks or knowledge spillovers, carry out crack so it liberty. In reality, undifferentiated Bertrand competition about NAS sector ensures that auditor dos never ever produces NAS rents rather than NAS limits.