PRICE AND QUANTITY COMPETITION IN HOMOGENEOUS DUOPOLY MARKETS

被引：3
|
作者：
ALLEN, B
机构：
[1] University of Pennsylvania, Philadelphia, PA
来源：
ECONOMICS LETTERS | 1992年 / 38卷 / 04期
基金：
美国国家科学基金会;
关键词：
D O I：
10.1016/0165-1765(92)90028-W
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
A noncooperative duopoly game is formulated in which the quantity player sells its entire amount (up to consumer demand) while the price player supplies residual demand; both firms transact at the same price. Depending on the ordering, two-stage subgame perfect equilibria are equivalent to simultaneous price and quantity Nash equilibria or include also the Stackelberg equilibrium. In any case, a firm prefers to be the quantity player.
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页码：417 / 422
页数：6
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