Since 2014
Choice of strategic variables under relative profit maximization in asymmetric oligopoly: non-equivalence of price strategy and quantity strategy
Economics and Business Letters
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| Title |
Choice of strategic variables under relative profit maximization in asymmetric oligopoly: non-equivalence of price strategy and quantity strategy
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| Creator |
Satoh, Atsuhiro
Tanaka, Yasuhito |
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| Description |
We consider choice of strategic variables under relative profit maximization in an asymmetric oligopoly with differentiated goods such that there are three firms, Firm 2 and 3 have the same cost function, but Firm 1 has a different cost function. We show that there are two pure strategy sub-game perfect equilibria. 1) All firms choose the outputs as their strategic variables, 2)Firm 2 and 3 choose the outputs as their strategic variables, and Firm 1 chooses the price as its strategic variable.
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| Publisher |
Oviedo University Press
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| Contributor |
—
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| Date |
2014-05-20
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.unioviedo.es/reunido/index.php/EBL/article/view/10283
10.17811/ebl.3.2.2014.115-126 |
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| Source |
Economics and Business Letters; Vol 3, No 2 (2014): June - Special Issue: The Economics of Cultural Industries; 115-126
Economics and Business Letters; Vol 3, No 2 (2014): June - Special Issue: The Economics of Cultural Industries; 115-126 2254-4380 10.17811/ebl.3.2.2014 |
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| Language |
eng
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| Relation |
http://www.unioviedo.es/reunido/index.php/EBL/article/view/10283/10015
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| Rights |
Copyright (c) 2014 Economics and Business Letters
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