A flexible strategy for warring duopolists
Rickard, John; Hathaway, Neville; Rickard John; University of Melbourne; Hathaway Neville; University of Melbourne
Журнал:
The Journal of the Australian Mathematical Society. Series B. Applied Mathematics
Дата:
1988
Аннотация:
AbstractThe behaviour of duopolists is considered within a framework that allows for flexibility of the adopted strategy against the rival. In a difficult external climate, a firm may concentrate on its own profit, whereas in a more favourable external climate, it may adopt a more aggressive attitude towards the rival. The strategy considered in this paper permits this flexible approach. The market functions are kept general to allow the widest interpretation of the results.
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