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The Dynamics of Some Discrete Time Duopoly Price Games Involving Cournot and Related Best-response Strategies.

The article focuses on the concepts, pricing methods and problems of duopoly and presents solutions. Section I displays the demand, cost and utility functions. The price games considered are non-cooperative, with perfect and complete information. Edgeworth rejected Cournot's output dependence in duo...

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Published in:Economica Vol. 45; no. 179; pp. 297 - 304
Main Authors: Murray, Ian W., Rickard, John A.
Format: Article
Published: Wiley-Blackwell Aug78
Subjects:
Cost
Utility functions
Pricing
Economic equilibrium
Games
Online Access:View this record in EBSCOhost