Publication
International Journal of Game Theory
Paper

Duopoly with price and quantity as strategic variables

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Abstract

In this paper we provide an explicit mixed strategy equilibrium solution for an oligopoly game. In the specification of the model, we assume that each firm has to make a decision on the production level while it names its prices, and we introduce a fixed unit cost for unsold inventory. Hence, both price and quantity appear as strategic variables. © 1978 Physica-Verlag.

Date

01 Mar 1978

Publication

International Journal of Game Theory

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