Satoh, Atsuhiro; Tanaka, Yasuhito - Volkswirtschaftliche Fakultät, … - 2015
We compare formulations of relative profit maximization in duopoly with differentiated goods, 1) (Difference case …) maximization of the difference between the profit of one firm and that of the other firm, 2) (Ratio case) maximization of the ratio … of the profit of one firm to the total profit. We show that in asymmetric duopoly the equilibrium output of the more …