Satoh, Atsuhiro; Tanaka, Yasuhito - In: Journal of Economics and Management 10 (2014) 2, pp. 101-115
We study the equilibrium with the quantity setting behavior and price setting behavior of firms in a duopoly under relative profit maximization with constant conjectural variations, and arrive at the following results. 1) Conjectural variations of firms are irrelevant to the equilibrium of a...