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

C-Tier
Journal: Economic Modeling
Year: 2012
Volume: 29
Issue: 4
Pages: 1436-1439

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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.

Technical Details

RePEc Handle
repec:eee:ecmode:v:29:y:2012:i:4:p:1436-1439
Journal Field
General
Author Count
2
Added to Database
2026-01-26