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Persistent link: https://www.econbiz.de/10003990403
In this paper, game theory is applied to the case of price wars in a market scenario game towards a converging solution of Nash equilibrium. This is done using the famous Bertrand Game, starting first with a simple version of a game involving two players with undifferentiated products who move...
Persistent link: https://www.econbiz.de/10014096430
In this paper, game theory is applied to the case of price wars in a market scenario game towards a converging solution of Nash equilibrium. This is done using the famous Bertrand Game, starting first with a simple version of a game involving two players with undifferentiated products who move...
Persistent link: https://www.econbiz.de/10012840887