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ToolsHviid, Morten (1991) Capacity constrained duopolies, uncertain demand and non-existence of pure strategy equilibria. European Journal of Political Economy, 7 (2). pp. 183-190. ISSN 1873-5703
Full text not available from this repository. (Request a copy)Abstract
The paper analyses the effect of uncertainty in duopoly models where capacity constrained firms compete in prices. We show that no pure strategy Nash equilibrium exist in this game. If capacity is endogenous and chosen before prices, this result holds regardless of whether the realisation of demand is known to firms before or after they choose their prices.
| Item Type: | Article |
|---|---|
| Faculty \ School: | Faculty of Social Sciences > School of Law |
| Depositing User: | Julie Frith |
| Date Deposited: | 16 Nov 2010 09:34 |
| Last Modified: | 15 Dec 2022 02:10 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/10800 |
| DOI: | 10.1016/0176-2680(91)90005-N |
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