Abstract
Price competition is seldom mentioned in the economic literature. Models like Cournot duopoly and Stakleberg duopoly assumed that firms compete through quantity. Bertrand duopoly assumed that firms compete through price simultaneously. This paperwork assumes that firms compete through price sequentially. It made also different assumptions from Bertrand model like finite production capacity, fix costs, constant returns and competition on two markets (market for product and market for raw material).
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Bulletin of University of Agricultural Sciences and Veterinary Medicine Cluj-Napoca: Horticulture
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
