Evolution of behavior when duopolists choose prices and quantities

DOI10.1007/S13235-019-00325-ZMaRDI QIDQ778092zbMATHOpenAlexFDO

Authors Abhimanyu Khan, Ronald Peeters

Publication date 30 June 2020

Published in Dynamic Games and Applications (Search for Journal in Brave)

Full work available at URL https://cris.maastrichtuniversity.nl/ws/files/1630278/guid-43baa9c3-c947-4214-997b-695f8fa390e4-ASSET1.0.pdf

zbMATH Keywords

duopolyimitationhorizontal differentiationlong-run stabilityprice-quantity competition

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Spatial models in economics (91B72)

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Cites work

• An evolutionary model of Bertrand oligopoly
• Basins of Attraction, Long-Run Stochastic Stability, and the Speed of Step-by-Step Evolution
• Duopoly with price and quantity as strategic variables
• Endogenously determined price rigidities
• Evolution in games with endogenous mistake probabilities.
• General equilibrium and the emergence of (non)market clearing trading institutions
• How noise matters.
• Imitation and Belief Learning in an Oligopoly Experiment
• Imitation by price and quantity setting firms in a differentiated market
• Imitation-theory and experimental evidence
• Learning, Mutation, and Long Run Equilibria in Games
• Long run equilibria in an asymmetric oligopoly.
• Price Duopoly and Capacity Constraints
• Stochastically stable states in an oligopoly with differentiated goods: Equivalence of price and quantity strategies
• The Evolution of Conventions
• The Evolution of Walrasian Behavior

Cited in

(4)

• Flexibility choices and oligopolistic competition in an evolutionary environment
• A Model of the Evolution of Duopoly: Does the Asymmetry between Firms Tend to Increase or Decrease?
• scientific article; zbMATH DE number 5121102 (Why is no real title available?)
• Imitation by price and quantity setting firms in a differentiated market

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