On Equilibria in Duopolies with Finite Strategy Spaces
UPF Economics and Business Working Paper No. 701
20 Pages Posted: 10 Jul 2004
Date Written: July 2004
We will call a game a reachable (pure strategy) equilibria game if starting from any strategy by any player, by a sequence of best-response moves we are able to reach a (pure strategy) equilibrium. We give a characterization of all finite strategy space duopolies with reachable equilibria. We describe some applications of the sufficient conditions of the characterization.
Keywords: Duopoly, equilibria, revenue management, discrete-choice theory
JEL Classification: C0, D4, C7
Suggested Citation: Suggested Citation