TY - JOUR
T1 - Price Equilibria in Pure Strategies for Homogeneous Oligopoly
AU - Allen, Beth
AU - Thisse, Jacques‐François ‐F
PY - 1992
Y1 - 1992
N2 - For a homogeneous product oligopoly market, possibilities for pure strategy Nash equilibria in prices are studied. Consumers, who each nonstrategically purchase one unit up to a common reservation price, are hypothesized to be more concerned with large price differences (and therefore buy from the cheapest firm) than slightly different prices. For the duopoly case, existence, uniqueness, and characterization results are provided. Linear examples are given with 2 and n firms. Copyright © 1992, Wiley Blackwell. All rights reserved
AB - For a homogeneous product oligopoly market, possibilities for pure strategy Nash equilibria in prices are studied. Consumers, who each nonstrategically purchase one unit up to a common reservation price, are hypothesized to be more concerned with large price differences (and therefore buy from the cheapest firm) than slightly different prices. For the duopoly case, existence, uniqueness, and characterization results are provided. Linear examples are given with 2 and n firms. Copyright © 1992, Wiley Blackwell. All rights reserved
UR - http://www.scopus.com/inward/record.url?scp=84988057748&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84988057748&partnerID=8YFLogxK
U2 - 10.1111/j.1430-9134.1992.00063.x
DO - 10.1111/j.1430-9134.1992.00063.x
M3 - Article
SN - 1058-6407
VL - 1
SP - 63
EP - 81
JO - Journal of Economics and Management Strategy
JF - Journal of Economics and Management Strategy
IS - 1
ER -