Evolutionary game theoretic approach to Bertrand Duopoly Model using adaptive dynamics

The Bertrand Duopoly (BD) is a competition of rms aiming to achieve dominance in a certain market. In this competition, the Nash equilibrium is attained when rms set prices equal to the unit cost of the product. This results to the Bertrand paradox in which rms attain zero profit in contrast to real...

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Bibliographic Details
Main Author: Castillo, Marnel Rae R.
Format: text
Language:English
Published: Animo Repository 2016
Online Access:https://animorepository.dlsu.edu.ph/etd_masteral/5191
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Institution: De La Salle University
Language: English