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Uncertainty in a mixed duopoly with quadratic costs
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Orientador(es)
Resumo(s)
In this paper, we consider a mixed market with uncertain demand, involving one
private firm and one public firm with quadratic costs. The model is a two-stage game in which
players choose to make their output decisions either in stage 1 or stage 2. We assume that the demand is unknown until the end of the first stage. We compute the output levels at equilibrium in each possible role. We also determine ex-ante and ex-post firms’ payoff functions.
Descrição
Palavras-chave
Game theory Optimization problems Uncertainty Cournot model Leadership
Contexto Educativo
Citação
Ferreira, F. A., & Ferreira, F. (2011). Uncertainty in a mixed duopoly with quadratic costs. Proceedings of the World Congress on Engineering, I, 216-219