Economics, Econometrics and Finance
4 years ago

Game-changing duopoly strategy shakes up market dynamics with price and quantity.

1 view
RePEc: Research Papers in Economics
Duopoly with Price and Quantity as Strategic Variables
Richard E. Levitan, Martín Shubik

Paper Summary

The article presents a solution for a game played by a few companies. Each company has to decide how much to produce and what price to set, considering the cost of unsold items. This means that both price and quantity are important strategic factors for the companies.

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