Profitability of price and quantity strategies in an oligopoly
Article Abstract:
Research into a sub-game perfect equilibrium of a two stage game in an oligopoly in which n (n is greater than or equal to 2) companies make differentiated (substitutable) products is presented. It is concluded that the Bertrand equilibrium is not a sub-game perfect equilibrium of the two stage game.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2001
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General systems and stable sets - a formal analysis of socioeconomic environments
Article Abstract:
The analysis of complex socioeconomic environments is analyzed through a general framework, and the notions developed are applied to game theory solutions.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2001
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Stochastically stable states in an oligopoly with differentiated goods: equivalence of price and quantity strategies
Article Abstract:
Quantity and price-setting equilibria games are assessed for symmetric oligopoly with goods that are differentiated.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2000
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