BECKMANN'S EDGEWORTH-BERTRAND DUOPOLY EXAMPLE REVISITED-Reference-Cited by-同舟云学术

BECKMANN'S EDGEWORTH-BERTRAND DUOPOLY EXAMPLE REVISITED

Published:2005-12 Issue:04 Volume:07 Page:461-472
ISSN:0219-1989
Container-title:International Game Theory Review
language:en
Short-container-title:Int. Game Theory Rev.

Author:

CHEVIAKOV ALEXEI F.¹,HARTWICK JOHN M.²

Affiliation:

1. Department of Mathematics, University of British, Columbia, Vancouver, B.C. V6T 1Z4, Canada

2. Department of Economics, Queen's University, Kingston, Ontario K7L 3N6, Canada

Abstract

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.

Publisher

World Scientific Pub Co Pte Lt

Subject

Statistics, Probability and Uncertainty,Business and International Management,General Computer Science

Link

https://www.worldscientific.com/doi/pdf/10.1142/S0219198905000648

Reference5 articles.

1. M. Beckmann, Methods of Operations Research III, ed. R. Henn (Verlag Anton Hain, Meisenheim, 1967) pp. 55–68.

2. Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes

3. Price Duopoly and Capacity Constraints

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