The existence of mixed-strategy equilibria in a price-setting oligopoly with convex costs

Dixon, Huw David ORCID: https://orcid.org/0000-0002-9875-8965 1984. The existence of mixed-strategy equilibria in a price-setting oligopoly with convex costs. Economics Letters 16 (3-4) , pp. 205-212. 10.1016/0165-1765(84)90164-2

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Abstract

This paper shows that a mixed-strategy equilibrium will exist in an industry producing a homogeneous product with perfectly informed consumers if firms are identical, and have weakly-convex costs. This generalises an earlier result by Dasgupta and Maskin.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Schools > Business (Including Economics)
Subjects:	H Social Sciences > HB Economic Theory
Publisher:	Elsevier
ISSN:	0165-1765
Last Modified:	24 Oct 2022 11:00
URI:	https://orca.cardiff.ac.uk/id/eprint/46655

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