An Evolutionary Model of Bertrand Oligopoly
نویسندگان
چکیده
منابع مشابه
Dynamic Bertrand Oligopoly
We study continuous time Bertrand oligopolies in which a small number of firms producing similar goods compete with one another by setting prices. We first analyze a static version of this game in order to better understand the strategies played in the dynamic setting. Within the static game, we characterize the Nash equilibrium when there are N players with heterogeneous costs. In the dynamic ...
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ژورنال
عنوان ژورنال: Games and Economic Behavior
سال: 2000
ISSN: 0899-8256
DOI: 10.1006/game.1999.0765