Accession Number : AD0710750

Title :   DUOPOLY WITH PRICE AND QUANTITY AS STRATEGIC VARIABLES,

Corporate Author : YALE UNIV NEW HAVEN CONN COWLES FOUNDATION FOR RESEARCH IN ECONOMICS

Personal Author(s) : Levitan,Richard ; Shubik,Martin

Report Date : 17 JUL 1970

Pagination or Media Count : 21

Abstract : The paper provides an explicit mixed strategy equilibrium solution for an oligopoly game. In the specification of the model, it is assumed that each firm has to make a decision on the production level while it names its prices, and a fixed unit cost for unsold inventory is introduced. Hence, both price and quantity appear as strategic variables. (Author)

Descriptors :   (*ECONOMICS, MATHEMATICAL MODELS), PRODUCTION CONTROL, INVENTORY CONTROL, GAME THEORY, MANAGEMENT PLANNING AND CONTROL, COMMERCE, MATRICES(MATHEMATICS), NUMERICAL ANALYSIS

Subject Categories : Economics and Cost Analysis
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE