On Nash equilibrium in prices in an oligopolistic market with demand characterized by a nested multinomial logit model and multiproduct firm as nest

This note provides a proof on existence and uniqueness of Nash equilibrium in prices in a market where the demand side is characterized by a nested multinomial logit model with multiproduct firm as nest and the supply side consists of oligopolistic price-setting multiproduct firms with each producing various differentiated variants.

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Year of publication:	2006-04
Authors:	Liu, Gang
Institutions:	Statistisk Sentralbyrå, Government of Norway
Subject:	oligopolistic market \| multiproduct firm \| nested multinomial logit model \| Nash equilibrium

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Classification:	C25 - Discrete Regression and Qualitative Choice Models ; C62 - Existence and Stability Conditions of Equilibrium ; C72 - Noncooperative Games ; 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/10004980577