Multiperiod Decision Models with Alternating Choice as a Solution to the Duopoly Problem

R. M. Cyert and M. H. DeGroot

The Quarterly Journal of Economics, 1970, vol. 84, issue 3, 410-429

Abstract: Introduction, 410. — Single-period versus multiperiod decision making, 411. — Simultaneous choice in a multiperiod process, 413. — Alternating choice in a multiperiod process, 416. — The method of backward induction, 417.— General quadratic profit functions, 420. — Reduced quadratic profit functions, 422. — Asymptotic results, 425. — The cost of competition and the benefits of trust, 427. — Conclusion, 428.

Date: 1970
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