BERTRAND AND HIERARCHICAL STACKELBERG OLIGOPOLIES WITH PRODUCT DIFFERENTIATION

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概要

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• A hierarchical Stackelberg model where firms' entry is sequential is formulated for price-adjusting oligopoly with product differentiation. The firms' equilibrium prices, outputs and profits are derived and compared in relationship to the order of the firms' entry into the market. These equilibrium values are also compared with those for the non-hierarchical Bertrand oligopoly where all firms' decisions are simultaneously made.

• 慶應義塾大学の論文

著者

• Yamazaki Takeshi

  University Of Tsukuba Center For Computational Sciences

• OKUGUCHI Koji

  Tokyo Metropolitan University

• Yamazaki Takeshi

  University Of Wisconsin

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