منابع مشابه
Cournot Duopoly when the Competitors Operate under Capacity Constraints
The paper considers Cournot duopoly where the competitors have capacity constraints. An isoelastic demand function, which always results when consumers maximise utility functions of the Cobb-Douglas type, is used. It has been demonstrated that isoelastic demand, combined with constant marginal costs, results in complex dynamics. The purpose of the present paper is to reconsider the case, using ...
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In this paper, collusive price leadership in homogeneous good capacity-constrained repeated price competition is examined. In the stage game, firms choose their timing of price setting. Although setting a price early is disadvantageous per se, a large firm has an incentive to move early in order to demonstrate its commitment not to deviate. If the discount factor is not too large, this behavior...
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This paper characterizes the set of Nash equilibria in a model of price-setting duopoly in which each firm has limited capacity, and demand is continuous and decreasing. In general there is a unique equilibrium, so that comparative static exercises are meaningful. The properties of the equilibrium conform with a number of stylized facts. The equilibrium prices are lower, the smaller is demand r...
متن کاملProduct and Price Competition in a Duopoly
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متن کاملPrice-Setting Mixed Duopoly, Privatization and Subsidization
This paper focuses on the role that production subsidies play in a Bertrand mixed duopoly. The paper examines four regimes: mixed and private duopoly, each with and without subsidies. The results of this study are compared with the findings of the existing Cournot mixed market literature. As a result, the paper shows that that the introduction of production subsidies into the analyses of Bertra...
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ژورنال
عنوان ژورنال: International Economic Review
سال: 1972
ISSN: 0020-6598
DOI: 10.2307/2525908