Market share dynamics in a duopoly model with word-of-mouth communication

DOI10.1016/J.GEB.2013.11.010zbMATH Open1284.91157OpenAlexW2093008280MaRDI QIDQ2437175FDOQ2437175

Authors: Eugen Kováč, Robert C. Schmidt 

Publication date: 3 March 2014

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10419/79994

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zbMATH Keywords

Markov perfect equilibriumprice competitiondynamic duopolyhomogeneous goodsconsumer lock-inmixed pricing

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Special types of economic equilibria (91B52) Special types of economic markets (including Cournot, Bertrand) (91B54)

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Cited In (2)

• Co-evolution of firms and consumers and the implications for market dominance
• Market sharing dynamics between two service providers

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