Dynamic properties of a Cournot–Bertrand duopoly game with differentiated products

Ahmad Naimzada and Fabio Tramontana

Economic Modelling, 2012, vol. 29, issue 4, 1436-1439

Abstract: In this paper we consider a Cournot–Bertrand duopoly model with linear demand and cost functions and with product differentiation. We propose a dynamic framework for the study of the stability properties of this kind of mixed oligopoly game, a rather neglected topic in the existing literature despite its relevance. In particular, in this paper we highlight the role of best response dynamics and of an adaptive adjustment mechanism for the stability of the equilibrium.

Keywords: Cournot–Bertrand model; Product differentiation; Stability; Dynamics; Oligopoly theory (search for similar items in EconPapers)
JEL-codes: C72 D01 D43 L13 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (24)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:29:y:2012:i:4:p:1436-1439

DOI: 10.1016/j.econmod.2012.02.016

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