Fixed-Point Approaches to Computing Bertrand-Nash Equilibrium Prices Under Mixed-Logit Demand
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Publication:3098758
DOI10.1287/opre.1100.0894zbMath1237.91102OpenAlexW2090184675MaRDI QIDQ3098758
W. Ross Morrow, Steven J. Skerlos
Publication date: 18 November 2011
Published in: Operations Research (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1287/opre.1100.0894
Newton's methodfixed-point iterationmixed logitdifferentiated product marketsBertrand-Nash equilibrium pricesGMRES-Newton hookstep
Special types of economic equilibria (91B52) Microeconomic theory (price theory and economic markets) (91B24) Iterative numerical methods for linear systems (65F10)
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Competitive location and pricing on networks with random utilities ⋮ Stable allocations for choice-based collaborative price setting ⋮ Finite purchasing power and computations of Bertrand-Nash equilibrium prices ⋮ Addressing endogeneity in aggregate logit models with time-varying parameters for optimal retail-pricing
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