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

DOI10.1016/J.GEB.2013.11.010MaRDI QIDQ2437175zbMATH OpenOpenAlexFDO

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

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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Cites work

• A Model of the Evolution of Duopoly: Does the Asymmetry between Firms Tend to Increase or Decrease?
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Cited in

(5)

• Co-evolution of firms and consumers and the implications for market dominance
• A model for market share forecasting in duopoly market
• Market sharing dynamics between two service providers
• Conformity-based behavior and the dynamics of price competition: a new rationale for fashion shifts
• A note on inertia in market share

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