Spatial duopoly with cost subsidy
نویسندگان
چکیده
The effects of government subsidies are examined in a spatial duopoly with a conventional and an electronic retailer. The Nash equilibrium is first determined and then the optimal cost subsidy rates are computed that maximize social welfare. The stability of the equilibrium is also investigated and it is shown that in the case of delayed information there is the possibility of cyclic behavior.
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ورودعنوان ژورنال:
- Applied Mathematics and Computation
دوره 215 شماره
صفحات -
تاریخ انتشار 2009