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Reaction Functions and the Theory of Duopoly

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Publication:5630795
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DOI10.2307/2296661zbMath0224.90016OpenAlexW1998511524MaRDI QIDQ5630795

James W. Friedman

Publication date: 1968

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2296661


Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)


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On continuous reaction function equilibria in duopoly supergames with mean payoffs, Subgame perfect reaction function equilibria in discounted duopoly supergames are trivial, Non-trivial subgame perfect duopoly equilibria can be supported by continuous reaction functions, Subgame perfect equilibrium with continuous reaction functions, The dynamics of some duopoly games involving the market share and Nichol strategies, Game theory applied to dynamic duopoly problems with production constraints, Stochastic reaction functions in \(2\times 2\) duopoly, Reactive strategies: an inch of memory, a mile of equilibria, Nonlinear strategies in dynamic duopolistic competition with sticky prices



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