A DYNAMIC ANALYSIS OF PRICE DETERMINATION UNDER JOINT PROFIT MAXIMIZATION IN BILATERAL MONOPOLY

This study provides a dynamic mathematical treatment of price determination under bilateral monopoly. The results are: a) a quantitiative solution for the equilibrium price; b) equality of profits of the buyer and seller; c) dynamically stable equilibrium price; and d) the bargaining process achieves the equilibrium price at a faster pace for larger value of the quantity.

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Year of publication:	1998
Authors:	Devadoss, Stephen
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Demand and Price Analysis \| Industrial Organization \| Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	1998 Annual meeting, August 2-5, Salt Lake City, UT.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 1998 Annual meeting, August 2-5, Salt Lake City, UT Number 20809
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005536471