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competition known as the Cournot oligopoly model. Firms and their production are differentiated, which brings the theoretical … operators in Slovakia was selected as a real market case with accessible data on an oligopoly with three companies and partial …
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The paper examines an interaction of boundedly rational firms that are able to calculate their gains after reaction of an opponent to their own deviations from the current strategy. We consider an equilibrium concept that we call a Nash-2 equilibrium. We discuss the problem of existence and...
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