Characterization of the support of the mixed strategy price equilibria in oligopolies with heterogeneous consumers
Economics Letters, 2008, vol. 99, issue 2, 242-245
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.
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Working Paper: CHARACTERIZATION OF THE SUPPORT OF THE MIXED STRATEGY PRICE EQUILIBRIA IN OLIGOPOLIES WITH HETEROGENEOUS CONSUMERS (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:99:y:2008:i:2:p:242-245
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