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Quantity competition in a differentiated duopoly

dc.contributor.authorFerreira, Fernanda A.
dc.contributor.authorFerreira, Flávio
dc.contributor.authorFerreira, Miguel
dc.contributor.authorPinto, Alberto A.
dc.date.accessioned2016-01-11T11:27:24Z
dc.date.available2016-01-11T11:27:24Z
dc.date.issued2009
dc.description.abstractIn this paper, we consider a Stackelberg duopoly competition with differentiated goods, linear and symmetric demand and with unknown costs. In our model, the two firms play a non-cooperative game with two stages: in a first stage, firm F 1 chooses the quantity, q 1, that is going to produce; in the second stage, firm F 2 observes the quantity q 1 produced by firm F 1 and chooses its own quantity q 2. Firms choose their output levels in order to maximise their profits. We suppose that each firm has two different technologies, and uses one of them following a certain probability distribution. The use of either one or the other technology affects the unitary production cost. We show that there is exactly one perfect Bayesian equilibrium for this game. We analyse the variations of the expected profits with the parameters of the model, namely with the parameters of the probability distributions, and with the parameters of the demand and differentiation.pt_PT
dc.description.sponsorshipWe would like to thank Bruno Oliveira for all the useful discussions. We thank the Programs POCTI and POCI by FCT and Ministério da Ciência, Tecnologia e do Ensino Superior, and Centro de Matemática da Universidade do Porto for their financial support. Fernanda Ferreira gratefully acknowledges financial support from ESEIG/IPP and from PRODEP III by FSE and EU. Flávio Ferreira also acknowledges financial support from ESEIG/IPP
dc.identifier.doi10.1007/978-1-4020-8678-6_31pt_PT
dc.identifier.isbn978-1-4020-8677-9
dc.identifier.isbn978-1-4020-8678-6
dc.identifier.urihttp://hdl.handle.net/10400.22/7359
dc.language.isoengpt_PT
dc.publisherSpringer Netherlandspt_PT
dc.relation.publisherversionhttp://link.springer.com/chapter/10.1007%2F978-1-4020-8678-6_31pt_PT
dc.titleQuantity competition in a differentiated duopolypt_PT
dc.typebook part
dspace.entity.typePublication
oaire.citation.endPage374pt_PT
oaire.citation.startPage365pt_PT
oaire.citation.titleIntelligent Engineering Systems and Computational Cyberneticspt_PT
person.familyNameFerreira
person.familyNameFerreira
person.givenNameFernanda A.
person.givenNameFlávio
person.identifierR-000-4TV
person.identifier.ciencia-idD116-9419-5778
person.identifier.ciencia-id9F13-D3C6-244B
person.identifier.orcid0000-0002-1335-7821
person.identifier.orcid0000-0001-7812-0983
person.identifier.ridN-4563-2013
person.identifier.ridN-4562-2013
person.identifier.scopus-author-id24723992800
person.identifier.scopus-author-id22978799800
rcaap.rightsclosedAccesspt_PT
rcaap.typebookPartpt_PT
relation.isAuthorOfPublicationaaa18584-508e-46b1-9b50-4e174c0e142c
relation.isAuthorOfPublication6f67981a-3965-4ace-aec9-65938c4bcf66
relation.isAuthorOfPublication.latestForDiscoveryaaa18584-508e-46b1-9b50-4e174c0e142c

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