A DYNAMIC ANALYSIS OF PRICE DETERMINATION UNDER JOINT PROFIT MAXIMIZATION IN BILATERAL MONOPOLY

Stephen Devadoss

No 20809, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This study provides a dynamic mathematical treatment of price determination under bilateral monopoly. The results are: a) a quantitiative solution for the equilibrium price; b) equality of profits of the buyer and seller; c) dynamically stable equilibrium price; and d) the bargaining process achieves the equilibrium price at a faster pace for larger value of the quantity.

Keywords: Demand and Price Analysis; Industrial Organization; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 12
Date: 1998
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://ageconsearch.umn.edu/record/20809/files/spdeva01.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20809

DOI: 10.22004/ag.econ.20809

Access Statistics for this paper

More papers in 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().