Studying the Nash equilibrium points in the duopoly model (Q1284337)

In the majority of the research papers on the dynamics of prices it was assumed that for each commodity offered to a market the common price exists at any fixed moment of time. However, the important peculiarity of a real market is that each seller can independently determine the price of the offered commodity. In a general case it is not clear which outcomes in the game model of a market can be implemented as the points of equilibrium in mixed strategies for a market with a few firms-participants. This question is of great interest for accessing possible deviations of a market from Walras' equilibrium. The author investigates the game model of a duopoly market of one commodity and describes the structure of carriers of equilibrium strategies depending on the characteristics of firms-sellers. In the given paper reccurent relations for finding the Nash equilibrium points are received, the range of possible payoff is indicated, it is shown as well that under the definite rather general assumptions about the demand function of consumers exist equilibrium points corresponding to the above mentioned payoffs.