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
Authors:	Liu, Gang
Publisher:	Oslo : Statistics Norway, Research Department
Subject:	oligopolistic market \| multiproduct firm \| nested multinomial logit model \| Nash equilibrium

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Series:	Discussion Papers ; 454
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	51756906X [GVK] hdl:10419/192436 [Handle] RePEc:ssb:dispap:454 [RePEc]
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:	EconStor

Persistent link: https://www.econbiz.de/10011968224