On supply function equilibria in a mixed duopoly
2018
Gutiérrez-Hita, Carlos | Vicente-Pérez, José
In this paper we present a mixed duopoly model of supply function competition under uncertainty with product differentiation. We find that, regardless the nature of product heterogeneity, the best response of the private firm always arises as strategic complement. Contrary to this, state-owned firm’s best response arises either as strategic complement or substitute depending on the product heterogeneity. As a result of the ex post realization of the demand uncertainty, different equilibria are reached.
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书目信息
出版者
Elsevier B.V.
其它主题
Differentiated products; Mixed oligopoly; D43; Supply function equilibria; L13; H42
语言
英语
类型
Journal Article; Text
2024-02-27
MODS