A dynamic model of duopoly with customer loyalties

DOI10.1016/0022-0531(82)90015-1zbMath0488.90019OpenAlexW1991453114MaRDI QIDQ1166397

Robert W. Rosenthal

Publication date: 1982

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(82)90015-1

zbMATH Keywords

equilibriumBertrand equilibriumdynamic duopoly modelcomputation of equilibriumcompetitive pricecustomers' loyaltystochastic game between sellers

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62) Other game-theoretic models (91A40) Probabilistic games; gambling (91A60)

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Market share inertia with more than two firms: an existence problem ⋮ Viscous demand. ⋮ Monopolists and viscous demand. ⋮ A folk theorem for stochastic games with finite horizon

Cites Work

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