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 |
Official URL: http://dx.doi.org/10.1016/0165-1765(84)90164-2
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 |
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Date Type: | Publication |
Status: | Published |
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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