Conjectural variations equilibrium in a mixed duopoly

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

Authors

We study a mixed duopoly model, in which a state-owned (public) firm maximizing domestic social surplus and a private (foreign) firm compete. Under general enough assumptions, we first justify the concept of conjectural variations equilibrium (CVE) applied to the model by demonstrating concavity of the expected profit function of each agent. Next we establish existence and uniqueness results for the conjectural variations equilibrium in the described duopoly. A particular case of a CVE with constant influence (conjecture) coefficients is also examined.

OriginalspracheEnglisch
ZeitschriftEuropean Journal of Operational Research
Jahrgang192
Ausgabenummer3
Seiten (von - bis)717-729
Anzahl der Seiten13
ISSN0377-2217
DOIs
PublikationsstatusErschienen - 01.02.2009
Extern publiziertJa

DOI

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