The theory of oligopoly price is very sensitive to behavioral assumptions. Even given
identical assumptions about costs and demand, different models can predict every price …

This paper is concerned with proving the existence of equilibrium points in a fairly broad
class of duopoly games. The games employ rather standard assumptions concerning the …

This paper examines duopoly models in which each firm tries to guess the reaction of its
rival to a change in its output. We seek equilibria in which the guesses are accurate, or …

A common way of analyzing multiperiod oligopoly models without dynamic interac-tions in
the payoff structure is to compute a Nash equilibrium for each period taken separately. Many …

Duopoly theory has a long history in economics, and a distinguished list of names
associated with that history. Nevertheless, the problem has proved to be frustrating for …

Oligopoly theory predicts that market price will be at least as high as the competitive price
and no higher than the monopoly price. Particular oligopoly solution concepts offer more …

This article examines" consistent" conjectural variations in an oligopoly model with a
homogeneous product. A conjectural variation is consistent if it is equivalent to the optimal …

450 THE AMERICAN ECONOMIC REVIEW it may deserve re-emphasis in connection with
the present issue. 4 The monopolistic firm (or group of collusive oligopolists5) may be …

Retail firms and restaurants commonly offer senior citizen discounts. I suspect this practice is
not motivated by altruism. Rather, the behavior can be better explained as profit-maximizing …

We study a dynamic model of duopoly in which firms choose both prices and quantities. If
quantity (capacity) choices are relatively inflexible, firms generally carry excess (idle) …