Dynamic properties of a Cournot-Bertrand duopoly game with differentiated products

被引：60

作者：

Naimzada, A. K. ^{[2
]}

Tramontana, F. ^{[1
]}

机构：

[1] Univ Pavia, Dipartimento Sci Econ & Aziendali, I-27100 Pavia, Italy

[2] Univ Milano Bicocca, Milan, Italy

来源：

ECONOMIC MODELLING | 2012年 / 29卷 / 04期

关键词：

Cournot-Bertrand model; Product differentiation; Stability; Dynamics; Oligopoly theory; QUANTITY COMPETITION; ADAPTIVE ADJUSTMENT; PRICE;

D O I：

10.1016/j.econmod.2012.02.016

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper we consider a Cournot-Bertrand duopoly model with linear demand and cost functions and with product differentiation. We propose a dynamic framework for the study of the stability properties of this kind of mixed oligopoly game, a rather neglected topic in the existing literature despite its relevance. In particular, in this paper we highlight the role of best response dynamics and of an adaptive adjustment mechanism for the stability of the equilibrium. (C) 2012 Elsevier B.V. All rights reserved.

引用

页码：1436 / 1439

页数：4

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