CHARACTERIZATION OF THE SUPPORT OF THE MIXED STRATEGY PRICE EQUILIBRIA IN OLIGOPOLIES WITH HETEROGENEOUS CONSUMERS

This paper revisits the theory of oligopoly pricing and shows that for a large class of demand and cost functions, a mixed strategy equilibrium necessarily implies that each firm’s equilibrium strategy is a discrete distribution over a finite number of prices.

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Year of publication:	2007-06
Authors:	Sinitsyn, Maxim
Institutions:	Department of Economics, McGill University

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Extent:	application/pdf
Series:	Departmental Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	13 pages
Classification:	D43 - Oligopoly and Other Forms of Market Imperfection ; L13 - Oligopoly and Other Imperfect Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005536825