Satoh, Atsuhiro; Tanaka, Yasuhito - Volkswirtschaftliche Fakultät, … - 2015
differentiated goods in which each firm maximizes its relative profit. We consider general demand and cost functions, and show that … the choice of strategic variables is irrelevant in the sense that the conditions of relative profit maximization for the … they determine the values of their strategic variables. We define the relative profit of a firm as the ratio of its profit …