Pricing in a duopoly market using a representative consumer model

• Main Author: Moo, Zi Hao
• Other Authors: Yan Zhenzhen
• Format: Final Year Project
• Language: English
• Published: Nanyang Technological University 2023
• Subjects: Science::Mathematics::Applied mathematics
• Online Access: https://hdl.handle.net/10356/166473
• Institution: Nanyang Technological University

In this report, we develop an approach for the pricing problem in a duopoly market, using a representative consumer model. We establish mathematical relationships between product prices and demand for each product, including the product of the competing firm and also the outside option. More precise...