Equilibria of price-setting and quantity-setting duopolies |
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Authors: | Neville J. Hathaway John A. Rickard |
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Affiliation: | University of Melbourne, Parkville, Vict. 3052, Australia |
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Abstract: | The relation between equilibria of output-setting and price-setting duopolies is investigated using the Inverse Function Theorem. The region that equilibria of the former occupy in relation to equilibria of the latter is found. A minimum of assumptions about the market functions are made. |
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