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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Detalles Bibliográficos
Publicado en:Economica Vol. 45; no. 179; pp. 297 - 304
Autores principales: Murray, Ian W., Rickard, John A.
Formato: Artículo
Publicado: Wiley-Blackwell Aug78
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: The Dynamics of Some Discrete Time Duopoly Price Games Involving Cournot and Related Best-response Strategies.
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          Murray, Ian W.
          Rickard, John A.
        affil: Footscray Institute of Technology, Victoria, and University of Melbourne
      su:
        Cost
        Utility functions
        Pricing
        Economic equilibrium
        Games
      sug:
        subj:
          Cost
          Utility functions
          Pricing
          Economic equilibrium
          Games
      ab: 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 duopoly and introduced the idea of price dependence. Section III offers solution to the various games. The solution of every game considered in this paper tends to a stable equilibrium at the Cournot point for large time.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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