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The paper extends the analysis of price competition among capacity-constrained sellers beyond the cases of duopoly and symmetric oligopoly.We first provide some general results for the oligopoly and then focus on the triopoly, providing a complete characterization of the mixed strategy...
Persistent link: https://www.econbiz.de/10005836834
The paper extends the analysis of price competition among capacity-constrained sellers beyond the cases of duopoly and symmetric oligopoly. We first provide some general results for the oligopoly and then focus on the triopoly, providing a complete characterization of the mixed strategy...
Persistent link: https://www.econbiz.de/10005837398
In this work we are concerned with static price games played by a given number of capacity- constrained firms producing a homogeneous commodity. The focus is mainly on capacity configurations in which either all firms are equal or all are so except a larger one and such that no pure strategy...
Persistent link: https://www.econbiz.de/10008852160
We analyze a Bertrand-Edgeworth game in a homogeneous product industry, under efficient rationing and constant (and identical across firms) marginal cost until full capacity utilization. We solve for the unique equilibrium in a subset of the no pure strategy equilibrium region of the capacity...
Persistent link: https://www.econbiz.de/10010781194
We analyze a Bertrand-Edgeworth game in homogeneous product industry, under effcient rationing, constant marginal cost until full capacity utilization, and identical technology across firms. We solve for the equilibrium and establish its uniqueness for capacity configurations in the mixed...
Persistent link: https://www.econbiz.de/10008493032