CHARACTERIZATION OF THE SUPPORT OF THE MIXED STRATEGY PRICE EQUILIBRIA IN OLIGOPOLIES WITH HETEROGENEOUS CONSUMERS

Maxim Sinitsyn

Departmental Working Papers from McGill University, Department of Economics

Abstract: This paper revisits the theory of oligopoly pricing and shows that for a large class of demand and cost functions, a mixed strategy equilibrium necessarily implies that each firm’s equilibrium strategy is a discrete distribution over a finite number of prices.

JEL-codes: D43 L13 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2007-06
New Economics Papers: this item is included in nep-bec, nep-com and nep-mic
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Characterization of the support of the mixed strategy price equilibria in oligopolies with heterogeneous consumers (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:mcl:mclwop:2007-08

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