In this paper we build a pragmatic model on competition in oligopoly markets. To achieve this goal, we use an approach … Bertrand industrial structures with a unified formal method. In contrast to the restrictive theoretical constructs of duopoly …

applying social equilibrium. In an example of a duopoly water market, we argue that the lack of backward induction logic … social equilibrium in duopoly water markets with an upstream-downstream river structure and derive it in the example of a … duopoly market. …