Corvinus
Corvinus

Price vs. quantity in oligopoly games

Tasnádi, Attila (2006) Price vs. quantity in oligopoly games. International Journal of Industrial Organization, 24 (3). pp. 541-554.

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Official URL: http://linkinghub.elsevier.com/retrieve/pii/S0167718705001074


Abstract

Price-setting and quantity-setting oligopoly games lead to extremely dierent outcomes in the market. One natural way to address this problem is to formulate a model in which some rms use price while the remaining rms use quantity as their decision variable. We introduce a mixed oligopoly game of this type and determine its equilibria. In addition, we consider an extension of this mixed oligopoly game through which the choice of the decision variables can be endogenized. We prove the emergence of the Cournot game.

Item Type:Article
Series Number / Identification Number:10.1016/j.ijindorg.2005.07.009
Uncontrolled Keywords:Cournot, Bertrand-Edgeworth, oligopoly
Subjects:Mathematics, Econometrics
ID Code:219
Deposited By: Ádám Hoffmann
Deposited On:04 Feb 2011 13:17
Last Modified:03 Jul 2012 00:24

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