Game-Theoretic Models of Competition Between Producers with Random Product Yields Under Duopoly of Differentiated Goods View Full Text


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Article Info

DATE

2015-07

AUTHORS

K. V. Kosarevych, Ya. I. Yelejko

ABSTRACT

Models of quantitative competition under duopoly of differentiated goods are described in which the controlled variable (product yield) of a producer is considered to be a random quantity. The class of distributions of random product yields is singled out that guarantees the existence of solutions for noncooperative games. Formulas for finding a “corrected” Nash equilibrium are obtained in explicit form for a duopoly with a random controlled variable of one and both producers. A method for estimating the risk level for a producer is proposed. More... »

PAGES

609-618

References to SciGraph publications

Journal

TITLE

Cybernetics and Systems Analysis

ISSUE

4

VOLUME

51

Author Affiliations

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/s10559-015-9752-7

DOI

http://dx.doi.org/10.1007/s10559-015-9752-7

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1014427003


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