BECKMANN'S EDGEWORTH-BERTRAND DUOPOLY EXAMPLE REVISITED

被引：1
|
作者：
Cheviakov, Alexei F. [1 ]
Hartwick, John M. [2 ]
机构：
[1] Univ British Columbia, Dept Math, Vancouver, BC V6T 1Z4, Canada
[2] Queens Univ, Dept Econ, Kingston, ON K7L 3N6, Canada
来源：
INTERNATIONAL GAME THEORY REVIEW | 2005年 / 7卷 / 04期
关键词：
Bertrand duopoly; price game;
D O I：
10.1142/S0219198905000648
中图分类号：
O1 [数学];
学科分类号：
0701 ; 070101 ;
摘要：
In the Edgeworth-Bertrand price game, each player has a capacity output, faces the same market demand, and calls out a price. The high-price caller gets some residual market at her price. The low-price caller gets her capacity at her price or all of the market. We re-work Beckmann's closed form solution to his symmetric version of this game, mostly in mixed strategies, and observe that expected price played by a player declines with the size of her exogenously given capacity.
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收藏
页码：461 / 472
页数：12
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