Research on Bertrand Dual-Oligopoly Dynamic Game Model

Fangxu Ren, Xiongyi Li

Abstract


In this article, we study the equilibrium solution and the dynamic change process of the Bertrand price competition model under the condition of dual-manufactures, give the model of dynamic change, prove that whatever manufactures choose about price, the equilibrium solution only exists, and prove that the manufacture’s price change process must be the monotonic process, and develop relative conclusions of the Bertrand model.

Full Text: PDF DOI: 10.5539/ijbm.v3n4p145

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This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

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