Equivalence of Cournot and Bertrand equilibria in duopoly under relative profit maximization: A general analysis
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- Atsuhiro Satoh & Yasuhito Tanaka, 2014.
"Free Entry Oligopoly, Cournot, Bertrand and Relative Profit Maximization,"
International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 13(2), pages 143-155, December.
- Satoh, Atsuhiro & Tanaka, Yasuhito, 2015. "Free entry oligopoly, Cournot, Bertrand and relative profit maximization," MPRA Paper 64081, University Library of Munich, Germany.
- Peng, Yu & Xiao, Yue & Lu, Qian & Wu, Xue & Zhao, Yueru, 2020. "Chaotic dynamics in Cournot duopoly model with bounded rationality based on relative profit delegation maximization," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 560(C).
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More about this item
Keywords
Relative profit maximization; Duopoly; Cournot equilibrium; Bertrand equilibrium.;All these keywords.
JEL classification:
- D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
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