We compare two formulations of relative profit maximization in duopoly with differentiated goods: (1) (difference case …) maximization of the difference between the profit of one firm and that of the other firm and (2) (ratio case) maximization of the … ratio of the profit of one firm to the total profit. We show that in asymmetric duopoly the equilibrium output of the more …

The authors study pure strategy Bertrand equilibria in a duopoly in which two firms produce a homogeneous good with …

This study derives pure strategy Bertrand equilibria in a duopoly in which two firms produce a homogeneous good with …

We study the equilibrium with the quantity setting behavior and price setting behavior of firms in a duopoly under … variations of firms are irrelevant to the equilibrium of a duopoly. 2) Quantity setting behavior and price setting behavior are …

We present an analysis about adoption of new technology by firms in a duopoly with differentiated goods under absolute …

We study implications of the choice of strategic variables, price or quantity, by firms in a duopoly with … they determine the values of their strategic variables. We define the relative profit of a firm as the ratio of its profit … over the total profit. But, even if we define the relative profit of a firm as the difference between the profits of firms …

The authors study pure strategy Bertrand equilibria in a duopoly in which two firms produce a homogeneous good with …

This study derives pure strategy Bertrand equilibria in a duopoly in which two firms produce a homogeneous good with …

The authors study pure strategy Bertrand equilibria in a duopoly in which two firms produce a homogeneous good with …