Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10013279930
Before solving a two-stage capacity and pricing game for oligopoly, Boccard and Wauthy (2000) argue that, as under duopoly, at a mixed strategy equilibrium of the pricing game the largest firm's expected profit is the profit accruing to it as a Stackelberg follower when the rivals supply their...
Persistent link: https://www.econbiz.de/10010629220
Recent contributions have explored how lack of buyer mobility affects pricing. For example, Burdett, Shi, and Wright (2001) envisage a two-stage game where, once prices are set by the firms, the buyers play a static game by choosing independently which firm to visit. We incorporate imperfect...
Persistent link: https://www.econbiz.de/10005766459
Before solving a two-stage capacity and pricing game for oligopoly, Boccard and Wauthy (2000) argue that, as under duopoly, at a mixed strategy equilibrium of the pricing game the largest firm's expected profit is the profit accruing to it as a Stackelberg follower when the rivals supply their...
Persistent link: https://www.econbiz.de/10005094766