Duopoly with price and quantity as strategic variables

نویسندگان
چکیده

منابع مشابه

Price vs. Quantity in Duopoly with Strategic Delegation: Role of Network Externalities

This paper examines the implications of network externalities on equilibrium outcomes in a differentiated products duopoly under strategic managerial delegation through relative performance based incentive contracts. It shows that Miller and Pazgal (2001)'s equivalence result does not go through in the presence of network externalities. Instead, Singh and Vives (1984)'s rankings of equilibrium ...

متن کامل

Price and quantity competition in a differentiated duopoly

• Two classical models in the theory of oligopoly are those of Coumot (1838) and Bertrand (1883). In both models the equilibrium concept is the noncooperative equilibrium of Nash (1950). In the former firms set quantities. In the latter prices are the strategy variables. In a duopoly situation where firms produce a homogeneous good and marginal costs are constant and equal for both firms, the B...

متن کامل

Dynamic duopoly with best-price clauses

This article investigates best-price clauses as a strategic device to facilitate collusion in a dynamic duopoly game. Best-price clauses guarantee rebates on the purchase price if a customer finds a better price after his purchase. Two different price clauses are distinguished: "most favored customer" and "meet or release." I examine the collusive potential of both clauses in a finite-horizon d...

متن کامل

Price Symmetry in a Duopoly with Congestion

We show that in a duopoly operating in a congested market, with a general congestion function and an arbitrary distribution of consumer disutility for congestion, there cannot exist an asymmetric Nash equilibrium. We also show that whenever an equilibrium does exist it is unique. Closed form expressions for the symmetric equilibrium prices and profits are provided. JEL Classification Numbers: C...

متن کامل

Endogenous Timing in a Quantity Setting Duopoly

I provide an equilibrium analysis of the role of private information on timing decisions of duopolists in a quantity setting framework. The firms are privately informed about their costs and may decide their quantities in one of two dates. In the unique symmetric perfect Bayesian equilibrium, a firm with a low cost produces in the first date, while a firm with a high cost produces in the second...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: International Journal of Game Theory

سال: 1978

ISSN: 0020-7276,1432-1270

DOI: 10.1007/bf01763115