Characterization of the support of the mixed strategy price equilibria in oligopolies with heterogeneous consumers

Maxim Sinitsyn

doi:10.1016/j.econlet.2007.06.033

Characterization of the support of the mixed strategy price equilibria in oligopolies with heterogeneous consumers

Maxim Sinitsyn^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

10 Scopus citations

Abstract

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.

Original language	English (US)
Pages (from-to)	242-245
Number of pages	4
Journal	Economics Letters
Volume	99
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2007.06.033
State	Published - May 2008
Externally published	Yes

Keywords

Heterogeneous consumers
Mixed equilibrium
Price competition
Price dispersion

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2007.06.033

Cite this

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abstract = "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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KW - Heterogeneous consumers

KW - Mixed equilibrium

KW - Price competition

KW - Price dispersion

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Characterization of the support of the mixed strategy price equilibria in oligopolies with heterogeneous consumers

Abstract

Keywords

ASJC Scopus subject areas

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