Dynamic properties of a Cournot–Bertrand duopoly game with differentiated products

Fabio Tramontana, A. K. Naimzada, F. Tramontana

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

45 Citazioni (Scopus)

Abstract

In this paper we consider a Cournot–Bertrand duopoly model with linear demand and cost functions and with product differentiation. We propose a dynamic framework for the study of the stability properties of this kind of mixed oligopoly game, a rather neglected topic in the existing literature despite its relevance. In particular, in this paper we highlight the role of best response dynamics and of an adaptive adjustment mechanism for the stability of the equilibrium.
Lingua originaleEnglish
pagine (da-a)1436-1439
Numero di pagine4
RivistaEconomic Modelling
Volume29
DOI
Stato di pubblicazionePubblicato - 2012

Keywords

  • Bounded rationality
  • Mixed duopoly

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