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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| Format: | text |
| Language: | English |
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Animo Repository
2016
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| Online Access: | https://animorepository.dlsu.edu.ph/etd_masteral/5191 |
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| Institution: | De La Salle University |
| Language: | English |