CHARACTERIZATION OF THE SUPPORT OF THE MIXED STRATEGY PRICE EQUILIBRIA IN OLIGOPOLIES WITH HETEROGENEOUS CONSUMERS
Departmental Working Papers from McGill University, Department of Economics
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.
JEL-codes: D43 L13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-com and nep-mic
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Journal Article: Characterization of the support of the mixed strategy price equilibria in oligopolies with heterogeneous consumers (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:mcl:mclwop:2007-08
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