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A Dynamic Analysis Of Price Determination Under Joint Profit Maximization In Bilateral Monopoly

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  • Devadoss, Stephen

Abstract

This study provides a dynamic mathematical treatment of price determination under bilateral monopoly. The results are: a) a quantitiative solution for the equilibrium price; b) equality of profits of the buyer and seller; c) dynamically stable equilibrium price; and d) the bargaining process achieves the equilibrium price at a faster pace for larger value of the quantity.

Suggested Citation

  • Devadoss, Stephen, 1998. "A Dynamic Analysis Of Price Determination Under Joint Profit Maximization In Bilateral Monopoly," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20809, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20809
    DOI: 10.22004/ag.econ.20809
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    File URL: https://ageconsearch.umn.edu/record/20809/files/spdeva01.pdf
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    References listed on IDEAS

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    1. A. M. Henderson, 1940. "A Further Note on the Problem of Bilateral Monopoly," Journal of Political Economy, University of Chicago Press, vol. 48(2), pages 238-238.
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    Cited by:

    1. Sabala, Ethan & Devadoss, Stephen, 2021. "Analysis of Chinese Tariff on Sorghum Market under Varying Market Structures," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 47(1), January.
    2. Elges, Carsten, 2016. "Die Preissetzung in Unternehmenskooperationen: Erste spieltheoretische Überlegungen," Arbeitspapiere 162, University of Münster, Institute for Cooperatives.

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