Pricing Behaviour of the Monopolistic and Duopolistic Firms in the Long Run with Heterogeneous Products

David R. Kamerschen and Jae-Hee Park
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David R. Kamerschen: University of Georgia
Jae-Hee Park: University of Georgia

Zagreb International Review of Economics and Business, 2000, vol. 3, issue 1, 73-105

Abstract: Scholars have compared the pricing behaviour where a monopolist in the short run produces heterogeneous products 1 and 2, and a duopolist i produces goods i (i = 1, 2), where there are exogenous shocks to marginal cost and/or industry demand. This pricing behaviour is short run in that no entry is considered. However, this paper considers whether the existence of a potential entrant producing heterogeneous goods affects the pricing behaviour of the established monopolist under the same random shocks.

Keywords: Cournot profits; heterogeneous products; Nash equilibrium; probability; pricing behaviour (search for similar items in EconPapers)
JEL-codes: D43 (search for similar items in EconPapers)
Date: 2000
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