Research on Bertrand Dual-Oligopoly Dynamic Game Model

Fangxu Ren, Xiongyi Li


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.

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