Accession Number:

AD0688449

Title:

PRICE VARIATION DUOPOLY WITH DIFFERENTIATED PRODUCTS AND RANDOM DEMAND,

Descriptive Note:

Corporate Author:

YALE UNIV NEW HAVEN CONN COWLES FOUNDATION FOR RESEARCH IN ECONOMICS

Personal Author(s):

Report Date:

1969-05-02

Pagination or Media Count:

31.0

Abstract:

The paper shows that under the appropriate conditions the introduction of a random component to demand in a duopolistic or more generally oligopolistic market has the competitive effect of increasing stability in the sense that the market without a random component may have no noncooperative equilibrium point in pure strategies whereas the market with a random component has a noncooperative equilibrium point.

Subject Categories:

  • Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE