Stochastically stable states in an oligopoly with differentiated goods: Equivalence of price and quantity strategies

DOI10.1016/S0304-4068(00)00040-9zbMath0966.91018MaRDI QIDQ1587390

Yasuhito Tanaka

Publication date: 20 August 2001

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

zbMATH Keywords

evolutionary dynamicsoligopoly gamesglobally surviving strategyprice strategyprice-setting oligopolyquantity strategyquantity-setting oligopolystochastically stable statestochastically stable statessymmetric oligopoly with differentiated goods

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54) Evolutionary games (91A22)

Related Items

Stochastic Darwinian equilibria in small and large populations ⋮ Imitation and price competition in a differentiated market ⋮ Imitation by price and quantity setting firms in a differentiated market ⋮ Contests, private provision of public goods and evolutionary stability ⋮ Imitation in Cournot oligopolies with multiple markets ⋮ Co-evolution of firms and consumers and the implications for market dominance ⋮ Supply chain disruption management and evolutionarily stable strategies of retailers in the quantity-setting duopoly situation with homogeneous goods ⋮ Asymmetric oligopoly and evolutionary stability ⋮ Evolution of behavior when duopolists choose prices and quantities ⋮ Irrelevance of the strategic variable in the case of relative performance maximization

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