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scientific article; zbMATH DE number 1225505
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scientific article; zbMATH DE number 1225505 |
Statements
22 November 1998
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directed network
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multi-product oligopoly
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Nash equilibrium
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network oligopoly
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0.8600250482559204
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0.8158422112464905
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0.8139098882675171
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The author formulates a mathematical model of a directed network, where the supply (demand) nodes represent producers (markets). There are \(K(i,j)\) transportation routes between producer ``i'' and market ``j'' characterized by different cost functions and capacities. For notational simplicity the author concentrates on the one product model. In the second part of this short paper, the model becomes more sofisticated by allowing transport agents to play active roles in this oligopoly game. The main result is the observation that the two models can be viewed as special cases of a multi-product oligopoly and consequently all existence results (including the existence of a pure Nash equilibrium) and other properties of dynamic multi-product oligopoly models apply to the studied network oligopolies.
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