Mixed-strategy equilibrium of the symmetric production in advance game

Tasnádi, Attila ORCID: https://orcid.org/0000-0003-3252-4223 (2023) Mixed-strategy equilibrium of the symmetric production in advance game. Operations Reseaerch Letters, 51 (6). pp. 643-650. DOI https://doi.org/10.1016/j.orl.2023.10.007

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Official URL: https://doi.org/10.1016/j.orl.2023.10.007

Abstract

The mixed-strategy equilibrium of the symmetric production-in-advance type capacity-constrained Bertrand-Edgeworth duopoly game has not been derived analytically over the entire range of intermediate capacities in the literature. In this paper we derive for the missing region a symmetric mixed-strategy equilibrium analytically.

Item Type:

Article

Uncontrolled Keywords:

price-quantity game, Bertrand-Edgeworth competition, inventory

Divisions:

Institute of Data Analytics and Information Systems

Subjects:

Mathematics, Econometrics

DOI:

https://doi.org/10.1016/j.orl.2023.10.007

ID Code:

9513