Delayed dynamics in heterogeneous competition with product differentiation
نویسندگان
چکیده
منابع مشابه
Delayed Dynamics in Heterogeneous Competition with Product Differentiation
Heterogeneous duopolies with product differentiation and isoelastic price functions are examined in which one firm is quantity setter and the other is price setter. The reaction functions and the CournotBertrand (CB) equilibrium are first determined. It is shown that the best response dynamics with continuous time scales and without time delays is always locally asymptotically stable. This stab...
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b. The industry for individual-serving juice boxes is dominated by a few very large firms (for example, Minute Maid, Welch’s, and Kool Aid), and there are significant barriers to entry, in part because of the large costs (for example, advertising) involved in gaining any market share of the national market. Products are, however, differentiated—if perhaps only in the minds of consumers. Because...
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ژورنال
عنوان ژورنال: Nonlinear Analysis: Real World Applications
سال: 2010
ISSN: 1468-1218
DOI: 10.1016/j.nonrwa.2008.10.040