PRICE STRATEGY OLIGOPOLY WITH PRODUCT VARIATION*
作者:
Lloyd Shapley,
Martin Shubik,
期刊:
Kyklos
(WILEY Available online 1969)
卷期:
Volume 22,
issue 1
页码: 30-44
ISSN:0023-5962
年代: 1969
DOI:10.1111/j.1467-6435.1969.tb02520.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
SUMMARYThis article presents a mathematical model for monopolistic price competition among firms with differentiated products. The conditions which distinguish the Chamberlinian analysis from that of Edgeworth are examined. Product differentiation is not sufficient to guarantee the existence of a stable non‐cooperative equilibrium point in terms of price. The relationship among the degree of product variation, amount of capacity, and stability are examined. Explicit formulas are obtained for the non‐cooperative equilibrium and the capacity conditions for its existence. The behavior of the model as the degree of differentiation approaches zero and as competition becomes large is examined. This connects the analysis of oligopoly with the analysis of pure competit
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