Mixed-strategy equilibrium of the symmetric production in advance game: the missing case

Attila Tasnádi

Corvinus Economics Working Papers (CEWP) from Corvinus University of Budapest

Abstract: The mixed-strategy equilibrium of the symmetric production-in-advance type capacity-constrained Bertrand-Edgeworth duopoly game has not been derived analytically over the entire range of intermediate capacities in the literature. Tasnádi (2020) constructed a symmetric mixed-strategy equilibrium for the production-in-advance game for a large range of intermediate capacities. In this paper we derive for the missing region a symmetric mixed-strategy equilibrium analytically.

Keywords: Price-quantity games; Bertrand-Edgeworth competition; inventories (search for similar items in EconPapers)
JEL-codes: D43 L13 (search for similar items in EconPapers)
Date: 2022-11-28
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Persistent link: https://EconPapers.repec.org/RePEc:cvh:coecwp:2022/06

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